Page 19 - Field Development Plan News Today

The value of Tullow Oil's Kenya assets risk depreciating further by close to US $462M if the government fails to hand it production license on time.

By John Lee. Shares in Gulf Keystone Petroleum (GKP) closed up nearly 13 percent on Wednesday after the company announced that revenue for 2021 had almost tripled. In its results for the full year ended 31 December 2021, Jon Harris, Gulf Keystone's Chief Executive Officer, said: "I am pleased to report a year of strong

Gulf Keystone, an operator and producer in Iraq, swung to a profit in 2021 on the back of a 19 percent increase in gross average production.

Geological surveys showed that between four billion and 4.5 billion barrels of oil could be laying deep under the waters.

Investegate announcements from Tullow Oil PLC, Annual Financial Report

The fanfare of the oil find in 2012 has since turned into scepticism, with Tullow Oil looking to jump ship even as the State insists commercial produc

Following a transformational 2021, in which Tullow successfully refinanced its balance sheet, drilled highly productive wells in Ghana and demonstrated operational excellence and financial discipline across the Group, the Company is now concentrating on the successful delivery of its long-term business plan.

The oil resources that can be recovered from the Block L11B are estimated at about 700 million barrels according to early conservative estimates.

ExxonMobil announced two oil discoveries at Fangtooth-1 and Lau Lau-1 in the Stabroek block offshore Guyana.

BW ENERGY FOURTH QUARTER AND FULL YEAR RESULTS 2021 HIGHLIGHTS Q4 EBITDA of USD 58.8 million and net profit of USD 38.9 millionQ4 gross...