Using the High Arctic Energy Services’ Rig 104, the joint venture partners are targeting gas resources in the multi-billion cubic metre range. The well is being drilled in Block PPL near the Juha and Juha North discoveries.
Last week, ExxonMobil faced headwind in Papua New Guinea on its proposed merger with InterOil as the latter’s former chief executive, Phil Mulacek, labelled ExxonMobil’s offer “vastly inadequate” in a challenge lodged with a Canadian appeals court. The court upheld Mulacek’s challenge.
In comments on Friday, InterOil said the arrangement “represents compelling value for al InterOil shareholders.”
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
SLB OneSubsea and Subsea7 have signed a long-term strategic collaboration agreement with Equinor and begun work on two of its… Read More
Presight has acquired a 51% shareholding in AIQ, an energy-focused AI player founded by ADNOC and G42, the companies announced… Read More
UK engineering contractor Wood has been awarded a decarbonisation project by TotalEnergies to support flare gas recovery in the North… Read More
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