04 December 2024
04 December 2024
The Central Andaman block holds estimated resources of 100 million barrels (mbbl) of oil and 500 billion cubic feet (bcf) of gas.
Transportadora de Gas del Sur (TGS) plans to expand the pipeline capacity from Vaca Muerta to Buenos Aires province.
INPEX will assume operatorship and engage in hydrocarbon exploration activities.
Worley will deliver the front-end engineering and design (FEED) services from its office in Abu Dhabi.
The deal, effective from 1 October, is expected to close in the first quarter of 2025 (Q1 2025), pending customary conditions.
This is the first time moveable oil has been encountered in the Borr unit of the Våle Formation.
Half of the responses indicated that investments from their respective companies will go up.
While the illegal seizure of oil after hijacks may seem like the criminal exploits of a bygone age, the threat remains a reality in many of the world’s petroleum-producing regions.
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