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The Rosebank oil and gas project could lead to an investment of £4.1 billion ($5 billion) in the UK and create more than a thousand jobs if it goes ahead, according to Equinor ASA.
Offshore Energies UK has given its backing to plans by Equinor and its partners to progress a major oil and gas field on the UK continental shelf.
Through the agreement, Longboat farmed-in to two near-term, gas weighted exploration prospects on the Norwegian Continental Shelf targeting combined gross unrisked mean prospective resources of 223 mmboe1.
Through the agreement, Longboat farmed-in to two near-term, gas weighted exploration prospects on the Norwegian Continental Shelf targeting combined gross unrisked mean prospective resources of 223 mmboe1.
Canadian-based oil and gas exploration company, Eco Atlantic, through its subsidiary Azinam Limited, signed a farmout agreement for the acquisition of an additional 6.25% participating interest in Block 3B/4B offshore South Africa.