BW Energy Announces Successful Oil Strike at Hibiscus South Offshore Gabon
The company outlined plans to return to the well for completion as a production well in early 2024.
Stay updated with breaking news from Cell Discovery. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The company outlined plans to return to the well for completion as a production well in early 2024.
While the discovery is relatively modest, Equinor has affirmed that gas production can commence as early as 2023.
Shell's CEO shared this information during a recent call with analysts, outlining Shell's intentions to undertake an exploration well, an appraisal well, and a flow test at its offshore exploration licenses in Namibia.
The ambitious initiative is in line with the company's commitment to expand its natural gas operations and investments in the region.
These acquisitions were accompanied by the purchase of the FPSO Cidade de Vitoria, operating on the Golfinho field, from Saipem.