Growing economies and strong fuel demand drive conventional refinery capacity additions in the region.
Corinth Pipeworks will produce nearly 250km of LSAW steel line pipe with a total weight of roughly 120,000t.
The agreement includes forming a 50/50 JV to develop Phoenix’s assets in Argentina’s Vaca Muerta region.
The company installed a flexible production riser, flowline and umbilical linking the FPSO to the Teal West subsea Christmas tree.
The drilling campaign is scheduled to begin in Q1 2027, with an expected contract value of around $300m.
