By staying the course, midstream operators with assets in top U.S. shale plays are not only surviving but thriving as 2022 unfolds.
Fangtooth and Lau Lau discoveries will add to previous recoverable resource estimate of approximately 10 billion oil-equivalent barrels, says Exxon Mobil and project partner Hess in separate releases.
Paradise Oil Co., a subsidiary of Suriname’s state-run Staatsolie, retains its 40% stake in the Block 5 venture as a non-executive partner, according to the farmout contract.
The new PSC will consolidate the majority of the concessions operated by APA’s subsidiaries operating in Egypt (Apache) into a single new concession.
CNOOC Petroleum Europe Ltd., a wholly owned subsidiary of CNOOC Ltd., is the operator of Buzzard and holds 43.21% interest in the project.
The Krafla field development will be one of the biggest development projects on the NCS in the planned realization period.
TechnipFMC currently employs more than 60 Guyanese, and expects to continue to hire and train additional local staff in support of this award.
Guyana is home to the world’s biggest offshore discoveries in years, with 10 billion barrels of recoverable oil and gas.
Located in the Arctic Barents Sea and containing close to 500 million boe, the Wisting development is subject to a final investment decision by Equinor and its partners by the end of 2022.