TotalEnergies
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The partners will explore Block 2K, an ultradeepwater block off Sabah.
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A second well, Curaçao, also encountered commercial oil volumes in the Santos Basin.
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The French operator plans to drill the first exploration well on an onshore tract during 2023.
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This paper describes a high-density high-pressure/high-temperature brine-based drilling fluid that provides long-term stability and solids-suspension properties for extended periods of time.
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Good news in Block 53 is offset by disappointing results in Block 58.
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The Angolan project is expected to add 30,000 B/D of oil production by year-end 2024.
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The decision to spend more than $700 million comes 4 years after the French giant shelved the project amid low oil and gas prices.
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Eni and TotalEnergies’s newest gas discovery offshore Cyprus confirms geologic ties to Egypt’s Zohr field, the Mediterranean’s largest natural gas field.
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The Eni-BP Azule JV creates Angola’s largest independent oil and gas company and will operate the New Gas Consortium project, the country’s first non-associated gas project and a boost to West African LNG.
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New awards and extensions to previous work are valued at almost $500 million.