Libra Consortium takes final investment decision on Mero-2 FPSO in Brazil’s presalt
The consortium plans four new production systems to be deployed in the Mero field offshore Santos Basin in Brazil.
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The consortium plans four new production systems to be deployed in the Mero field offshore Santos Basin in Brazil.
The decommissioning project in the Schooner and Ketch fields will start immediately with a plan to commence offshore operations at the end of 2019.
Earlier this year, the Ministry of Mines and Hydrocarbons of Equatorial Guinea launched the 2019 oil and gas licensing round in the country.
PGNiG Upstream Norway and its partners decided to move to the select phase of the project, during which key technical decisions regarding the field development will be made.
Currently, Israel’s remaining recoverable gas reserves are estimated to be around 26.2 trillion ft3.
His Highness Shaikh Ahmed Bin Dalmook Al Maktoum, has been appointed President of ADM Energy in a non-Board role.
SBM Offshore will design and construct the FPSO Mero 2 using its industry leading Fast4WardTM programme.
The deal relates to four exploration blocks: Putumayo-9, Terecay, Tacacho and Mecaya in the Putumayo region, southern Colombia.
Production start at the King Lear field, located in the North Sea, is planned for 2025.
The geophysical survey will be performed for BHP at its Trion development.
The oilfield in Surrey, UK, had produced 50 000 bbl of light, sweet, dry oil as at close of business on 7 June.
A number of high-profile deals were signed at this year's St Petersburg International Economic Forum in Russia.