Nigeria Puts Two Fields into Production
The projects add a combined 32,000 bpd to Nigeria's output capacity.
Source: rigzone.com
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Subsea Umbilicals, Risers, And Flow Lines (SURF) Market size to grow by USD 5.2 billion from 2022 to 2027, The surge in energy demand to drive the market growth
NEW YORK, May 11, 2023 The subsea umbilicals, risers, and flow lines (SURF) market size is estimated to increase by USD 5.2 billion from 2022 to 2027. The...
Source: prnewswire.com
IN BRIEF: Lekoil At Risk Of Losing 17% Interest In OPL 310 Licence
IN BRIEF: Lekoil At Risk Of Losing 17% Interest In OPL 310 Licence Fri, 11th Dec 2020 21:14 Lekoil Ltd - African oil exploration and production firm with interests in Nigeria and offshore Namibia - Receives letter from Optimum Petroleum Development Co, operator of the OPL 310 licence, stating its enforcement of the default clause specifying conditions for establishing default contained within the costs and revenue sharing agreement. Optimum enforces its default clause as payment of USD6.6 million to cover portion of sunk costs and consent fees have not been received by the end of November. Cl...
Source: lse.co.uk