Korpfjell is the fourth well that Statoil has drilled in its 2017 exploration campaign in the Barents Sea. which has been fairly disappointing so far.
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The deal will increase ExxonMobil’s Singapore aromatics production to more than 3.5 million tonnes per year.
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As a consideration. Statoil will fund 100% of the cost of certain future activities in the block.
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The complex will be able to process 1.6 billion cubic meters of gas per year.
Read More »Russia`s Gazprom Neft Starts Test LPG Production in Iraq
The complex will be able to process 1.6 billion cubic meters of gas per year.
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LUKOIL joined the Southwest Gissar project in March 2008.
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In 2016. SOCAR produced 7.52 million tons of oil from Azerbaijan’s offshore and onshore fields. as compared to 8.16 million tons in 2015.
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CEFC would be the first privately held Chinese firm to invest in a major oil giant.
Read More »Statoil Receives Consent for Exploration Drilling at Gina Krog
Exploration well 15 6-14 S. which Statoil has now received consent to drill. is to be drilled as a sidetrack from existing well 15 6-B-2.
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The new deal extends the contract from 95 days up to a total of 140 days.
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