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The primary objective of the agreement is the potential acquisition of an onshore oil production licence last producing at a rate of approximately 300 bpd from the Mengo formation as recently as 2019.
ExxonMobil faces a loss for the quarter of US$2.3 billion.
The partners will be sharing operational and technological competencies for developing hard-to-recover oil reserves in the Orenburg Oblast region of Russia.
The semi-submersible rig is due to spud the Luiperd-1 well offshore South Africa by September this year.
The audit conducted a thorough analysis of the curriculum, testing and training methods, environment and equipment of classrooms, as well as administrative and quality control of the procedures, and assessed the qualifications, experience, competence and skills of instructors.
The two companies have confirmed their willingness to continue the acceleration of the Berkine Nord gas project, which entered into production last February.
The Topaz Driller has been contracted to perform drilling services offshore Montenegro for 180 days.
Excluding Libya, and adjusting for closed dispositions and curtailments, production in 2Q20 is expected to be in line with the same period a year ago and approximately 5% below 1Q20.
The impairment charges anticipated are based upon the company expecting the price of Brent to be average approximately US$35/bbl in 2020 and the Henry Hub gas spot price US$1.75/MMBtu.
Neptune Energy have announced a major milestone for the Touat gas facility in Algeria, with operatorship having been formally passed to Groupement Touat Gaz (GTG).
The reduction is a result of an agreement to exclude Edison's Norwegian assets from the transaction.
Running 16 fields on the Norwegian continental shelf with power from shore will mean that total CO2 emissions will be about 3.2 million t lower per year than they otherwise would have been.