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The discovery in the Kutei Basin offshore Indonesia is being considered for fast-track development. -
The new development is estimated to hold 46 million recoverable bbl of oil and is planned to start up in late 2028. -
Project in US Gulf will add about 15,000 BOEPD to the deepwater Atlantis project at peak production. -
Deepwater blocks drew most of the attention in the first lease sale for the offshore region to be held in 2 years. -
Project financing raised by JP Morgan will enable YPF and its partners Eni and ADNOC’s XRG to launch Phase 2 of Argentina LNG, boosting production to 18 mtpa by 2030-2031. -
First oil is expected from phase one of the project in 2028, with up to four more phases planned. -
The Gorgon Phase 3 project will counter declining reservoir pressure to sustain gas supplies to Western Australia’s domestic market and support LNG exports to Asia. -
The Denver-headquartered shale producer will become a pure-play operator of the Marcellus Shale in West Virginia. -
The $100-billion project is widely considered the largest unconventional development outside of the US and is noted by Aramco as the largest nonassociated gas development in the kingdom. -
Preliminary estimates indicated recoverables of between 30 million and 110 million BOE at the discoveries, which Equinor called its largest of the year.