Hess
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With global decommissioning activities forecast to reach $100 billion through 2030, early planning for it could go far in helping to minimize risk and associated costs. -
From refracturing old wells to ones that don’t have to be fractured at all, notable producers argue that experiments are paying off.
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Additional wells are planned for the GOM field in 2023 and 2024.
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The US supermajor has made more than 30 discoveries offshore the South American country since exploration efforts began in 2015.
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The operator believes the region has high potential for multiple hub-class targets.
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The discoveries bring the total number of its finds offshore Guyana to more than 25.
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The second plenary session at URTeC this week highlighted the stark reality of both knowns and unknowns oil companies must face in the race to a carbon-free future.
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ExxonMobil and its partners now believe they have discovered 11 billion BOE.
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New research from Hess offers compelling evidence that two layers of tight rock can be treated as one and how passive wells can become oil producers.
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French major plans to spend $2 billion on the Libyan field to raise production to 100,000 B/D, and add solar power to the national grid.
