Management
The ruling means the state will take over permitting and enforcement of EPA regulations pertaining to all classes of wells, including injection wells for carbon dioxide storage.
Proposed and final notices of sale represent nearly 80 million acres in the Gulf of Mexico and approximately 1 million acres in Alaska’s Cook Inlet.
The US and UK sanctioned Russian independent Lukoil International and state-owned Rosneft in a bid to pressure Russia over Ukraine.
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The drilling program is the first exploration well to be drilled in production license 785 S. -
The find kicks off Petrobras’ latest drilling campaign, which is focused primarily on offshore blocks holding subsalt potential that the company acquired at a series of bid rounds that started in 2017.
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The Gulf of Mexico discovery, a product of infrastructure-led exploration, boasts 100 million bbl of gross potential.
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With all permits, personnel, and equipment in place, Zion is set to operate the well.
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The Hassa-1 exploration well in the prolific Stabroek Block was the giant’s second setback to its drilling campaign in recent months.
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The SEMZ-11X is the US independent’s second exploration well in the Southeast Meleiha Concession.
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Last year, events accelerated several trends in the energy landscape. Oil and gas prices have remained low, and the industry is focusing more strongly on reducing costs and increasing operational efficiency. Implementing innovative technologies that increase recovery requires a small investment but can bring large rewards.
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The $2.59-billion deal advances BP’s effort to divest $25 billion of its global proceeds by 2025.
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Since 2000, Brazilian Petrorecôncavo, which specializes in revitalizing mature onshore fields, has performed operations and project implementation services in most fields of the Remanso Cluster.
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The $533-million field has a production capacity of 27,000 BOE/D and estimated reserves of 1.2 billion BOE.
