Apex International Energy announces oil discovery in Western Desert of Egypt
The discovery was achieved at the SEMZ-11X well located 10 km west of Zarif field, the nearest producing field.
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The discovery was achieved at the SEMZ-11X well located 10 km west of Zarif field, the nearest producing field.
The transaction is one of the largest oil and gas financings in Africa in more than a decade, with a financing component of US$1.1 billion.
Following completion of the acquisition Union Jack will hold a 45% interest in the project.
The US Energy Information Administration expects production of all fossil fuels – crude oil, coal, dry natural gas, and natural gas plant liquids – to increase in 2022, but forecast fossil fuel production will remain lower than the 2019 peak.
The contract was first announced in Maersk Drilling’s May 2020 Fleet Status Report.
The job is being performed on several pads for Cimarex Energy Co. in the Permian Basin.
Aggregate fossil fuel demand is set to peak in 2027 – with oil peaking in 2029 and gas in 2037 – partially due to the impacts of COVID-19, according to new research by McKinsey & Co.
Equinor and YPF will hold 35% equity in the CAN 100 block, located in the North Argentinian Basin, while Shell will hold the remaining 30%.
Oil prices fell on Thursday, trimming excess gains as the impact of increasing Covid-19 infections to oil demand sinks in.
EM&I demonstrated its NoMan® robotic camera and synchronous laser systems for tank and confined space inspections through a series of ‘live’ webinars.
The Kudu gas field offshore Namibia contains an estimated 1.3 trillion ft3 of gas.
The oil and gas discovery was made at the Keskesi East-1 well, in Block 58 off the coast of Suriname.