04 June 2024
04 June 2024
Interest in the country’s hydrocarbons sector has peaked recently following discoveries in Namibia and Mozambique.
The move comes after the company's recent purchase of a Texas-based shale gas producer.
The discovery is expected to have an increase in mid-case gross recoverable reserves of around 8–12 million barrels (mbbl) of oil in the Hibiscus area.
Questar Gas will operate in Utah under the name Enbridge Gas Utah, in Idaho as Enbridge Gas Idaho and in Wyoming as Enbridge Gas Wyoming.
The MJ-01 well recompletion involves the use of advanced technologies aimed at enhancing hydrocarbon flows.
The Agogo floating production storage and offloading (FPSO) vessel is currently under construction by Yinson Production.
The deal, first announced in February 2024, values the combined entity at approximately $11bn (C$14.99bn).
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