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Predator Oil and Gas has announced a placing to raise GBP 2 million. Proceeds will be used to fully fund the MOU-3 well in the Guercif Petroleum Agreement onshore Morocco.
Part 2 of this three-part series examines the full lifecycle operations simulations performed using BMT’s SLOOP event domain software, to compare subsea (wet tree) and dry tree concepts. This article argues for using a permanently moored dry tree concept with key performance statistics of DP MODUs and platform rigs.