07 April 2026
07 April 2026
By 07:00 GMT, Brent crude had risen by $1.44 to $111.21/bbl, while WTI increased by $2.32 to $114.73/bbl.
This new entity combines functions of the Bureau of Ocean Energy Management and the Bureau of Safety and Environmental Enforcement.
The deals are set to enhance the company’s firm contract backlog.
The well will target an unrisked P50 prospective resource estimated at 12mbbl in its primary carbonate objective.
The companies are teaming up from the outset to stay aligned from initial planning through project delivery.
During production testing, the flowing wellhead pressure decreased from 4,499 to 582psi, with gas rates dropping further.
The extension will contribute around $480m (£361.52m) to the contract backlog.
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