xxon Mobil Corp. is considering selling all of the stakes it holds in oil and gas fields off the Norwegian coast, a spokeswoman said.
Two years ago the U.S. major —the world's largest oil company—sold its operated assets in the area.
The vast majority of Pemex’s current production comes from shallow-water areas clustered around the southern rim of the GoM, off the coast of the states of Veracruz, Campeche and Tabasco.
The offshore port would provide an outlet for oil coming from recently proposed Liberty and Red Oak pipeline joint ventures that will start in early 2021. Phillips will operate the $1.6 billion Liberty pipeline and help finance the $2.5 billion Red Oak pipeline.
The oil and gas discoveries, which can be developed with wells from the Edvard Grieg platform, have combined resources of between 4 million barrels of oil equivalent (MMboe) and 37 MMboe.
Total, which bought A.P. Moller-Maersk’s oil and gas business in 2017, will shut production at the Tyra gas fields at the end of 2019 as part of a major redevelopment.
South America has 30 planned FPSOs in the pipeline. Brazil’s Petrobras awarded its latest contract to MODEC Inc. for Búzios 5.
Pipeline costs, improving the FLNG technology and management of early and late-stage output at a field would all be factors in determining whether FLNG might be viable for other gas developments, Shell Australia Chair Zoe Yujnovich said.
Exxon Mobil, Chevron and BP have already sold their offshore assets in Norway and Okea CEO Erik Haugane told Reuters that Equinor will soon be the only oil major left.
Petrobras has made natural gas discoveries in six deepwater fields in the Sergipe Basin, the company said in a regulatory filing on June 17.
The 6507/3-13 well proved gas in its first target, Snadd Outer Outer, and oil in its second target, Black Vulture, Equinor said in a news release.
