Mature fields
Talos Energy founder Tim Duncan has been named executive chairman of newly formed 1947 Oil & Gas, which will focus on acquiring and developing mature, shallow-water assets through its buyout of Renaissance Offshore. The deal is expected to close in Q2 2026.
The country’s foreign investment bid comes as Sonatrach launches its largest capital expenditure outlay—$60 billion to be spent from 2026 to 2030.
ExxonMobil will retain its equity stakes in ongoing Bass Strait projects even as it hands off its operatorship responsibilities to Woodside Energy.
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VICO Indonesia is the operator of the Sanga-Sanga production-sharing contract (PSC) in Indonesia. -
In the southern North Sea, many fields suffer from declining gas production because of reservoir-pressure depletion and associated liquid loading.
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A successful field trial in which foam was used as a gas-injection conformance enhancer was implemented in the Cusiana field in Colombia.
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Regulations are driving increased decommissioning activities in the Gulf of Mexico. Incomplete data is one of the obstacles in planning decommissioning. As fields have changed ownership over time, key information has been lost, creating challenges for the current operator.
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