Asset/portfolio management

Arcius’ remit covers the Shorouk concession, home to the Zohr gas field whose production decline has been fueled by a lack of investment.
The acquisition will add water infrastructure in both the Midland Basin of west Texas and the Williston in North Dakota.
The environmental impact statement is a required step before another lease sale can be held in the Gulf of Mexico, a move welcomed by the oil and gas industry.

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