02 August 2023
02 August 2023
The JV operates onshore and shallow-water oil and gas resources in the West African nation.
In its company results published on Tuesday, BP’s underlying replacement cost profit was $2.6bn, compared with $5bn for the previous quarter.
The accelerated decarbonisation plan comes ahead of this year's international COP28 climate conference being hosted by the UAE.
The farm-in agreement is for the Eastern Block (BlockM47C3, C4) and Blocks M46C, D (the Western Blocks).
McDermott will provide PMC and EPCM work for the phase-two NCU expansion project as well as the new EDU at the Panipat refinery.
The contract is anticipated to begin in the second quarter of 2024.
Unconventional gas produced by the initiative is expected to replace the equivalent of around 500,000 barrels of crude oil per day at peak production.
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