Pivot towards LNG drives demand for offshore regasification units
Contract activity indicates a growing popularity of floating storage regasification units as countries look to increase their LNG import capacity.
Source: offshore-technology.com
Stay updated with breaking news from Offshore Technology. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Contract activity indicates a growing popularity of floating storage regasification units as countries look to increase their LNG import capacity.
The $100m transaction encompasses around 265 wells.
The contracts are for the development of the Cameia and Golfinho oilfields roughly 100km off Angola's coast.
The company claimed that it is the first exploration success in the region in almost three decades.
It is anticipated that the merged company will have a production capacity of more than 100,000 barrels per day (bpd) of oil and natural gas.