Petrobras has announced the beginning of the binding phase regarding the sale, together with Sonangol, of all stakes of both companies in the onshore exploratory block POT-T-794, belonging to the BT-POT-55A concession, located in the Potiguar Basin, in the state of Rio Grande do Norte.
Lime Petroleum has signed an agreement with AkerBP to acquire 20 per cent interests in each of the licences PL867 and PL867B and an option for the right to a 20 per cent farm-in to PL1041 in the North Sea.
Ping Petroleum has signed a sale and purchase agreement with Summit Exploration and Production to acquire its 50% interest in the Avalon oil field offshore UK.
The NPD has granted Repsol consent for a new start-up of the Yme field in the North Sea. Planned start-up will be in the second half of 2021. Yme is one of the first oil fields on the Norwegian shelf to be redeveloped after the field was shut down in 2001.
3D Oil has announced that ConocoPhillips Australia, as operator of the T/49P joint venture, will shortly commence acquisition of the Sequoia MSS 3D seismic survey using the Shearwater vessel the Geo Coral. The seismic is being acquired as part of the farmout agreement announced in June 2020.