12 January 2024
12 January 2024
This move comes as the national oil and gas producer, which completed Talara refinery upgrade work in 2023, experienced a cash crunch.
The company is also planning to carry out a 3D seismic survey for future drilling.
The move is part of Norway's efforts to maintain its status as a crucial energy provider to Europe.
The combined company will have a production rate of approximately 7.9 billion cubic feet equivalent per day (bcfe/d).
Galp plans to conduct a drill stem test in the upcoming weeks to determine the well's commercial viability.
The initial phase of the development includes three wells, which are projected to deliver gross production of approximately 22,000 barrels of oil equivalent per day (boepd).
The Geminus platform incorporates the physical constraints of the oil and gas industry into digital models through advanced, physics-informed artificial intelligence (AI) computing.
Wood will undertake topside modification work at bp's Eastern Trough Area Project (ETAP) central processing facility.
Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites.
Ammonia and methanol are key industrial chemicals with strong demand in the agriculture, manufacturing, and construction sectors. The demand for these chemicals is expected to rise in the coming years due to their potential applications in energy transition. Low-carbon ammonia is garnering the most attention from oil and gas industry players with nearly 300 plants in development globally.
Give your business an edge with our leading industry insights.
