07 November 2023
07 November 2023
Rosen's shareholders have been asking as much as $4bn for the company.
The deal will create the seventh-largest exploration and production (E&P) company in Canada based on production volume.
According to the preliminary assessment, there are roughly 16 million barrels of oil in place and 6–7 million barrels of gross recoverable reserves.
The NextEra Energy Partner pipelines have a total transportation capacity of 4.9 billion cubic feet per day.
The well, which has been drilled using the Noble Lloyd Noble rig, is expected to start production in Q4 2023.
The field is connected to the existing Eastern Trough Area Project (ETAP) by a three-mile subsea pipeline.
TotalEnergies directly owns a 10% stake in the Russian LNG project and 21.5% via its shareholding in Novatek.
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ML can be used to analyze seismic data, well logs, and other geologic data to identify potential reservoirs. ML algorithms are also capable of analyzing production data and identifying patterns that can be used to improve well performance. This can lead to increased production rates and reduced downtime. Besides, this analysis can also be used to identify potential hazards, thereby preventing any untoward incidents and boosting operational safety.
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