3R Petroleum agrees to merge with Enauta in $1.2bn deal
It is anticipated that the merged company will have a production capacity of more than 100,000 barrels per day (bpd) of oil and natural gas.
20 May 2024
20 May 2024
It is anticipated that the merged company will have a production capacity of more than 100,000 barrels per day (bpd) of oil and natural gas.
Satellite-enabled industrial monitoring powered by the Internet of Things (IoT) and AI can help energy operators build supply chain resilience, writes Damian Lewis, market development manager at Viasat Enterprise.
Initially, the ban was set to last for six months, starting from 1 March, with certain exemptions for a Moscow-led economic union.
The contract is for the development of the Ndungu field, which is part of the Agogo Integrated West Hub project.
The refinery, which began production in January, was built with an investment of $20bn (N30.5trn) and is anticipated to process 650,000 barrels per day (bpd).
The sale includes the West Castor, West Telesto and West Tucana rigs.
The latest legal action comes after 16 Republican states filed a lawsuit against the ban in March.
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