TotalEnergies
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French supermajor sells its pair of oil sands assets to focus capital on its oil and gas assets with low breakeven. -
Operator pays $400 million for a 40% stake in tract that contains the $6-billion Cameia/Golfinho project.
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Consortiums led by ExxonMobil, TotalEnergies lead the charge into the blocks offered in the oft-delayed offshore parcel auction.
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Suriname's wait to become a significant oil producer may be nearing an end as the French supermajor begins early development studies.
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The Uganda oil project envisions drilling more than 450 wells on 35 well pads, leading to an estimated production of 230,000 BOPD at its peak once production starts up.
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The contractor will install flexible pipe and subsea structures on the field in Block 17 offshore Angola.
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Duo jointly purchases a pair of undeveloped gas condensate fields off Western Australia from PTTEP.
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The two active gas turbines are the main means of power for the Tyra II hub, including the surrounding fields.
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This first phase connects a subsea production well to a new gas processing platform with a production capacity of 4 million m3/d of gas and 12,000 B/D of condensate.
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Uganda is on course to become the newest African oil exporter by 2025.
