24 October 2024
24 October 2024
The oilfield, Norway’s largest and situated 140km west of Stavanger, produced more than 756,000 barrels of oil per day (bopd) in September, said operator Equinor.
This funding will facilitate 60 modernisation projects for natural gas pipelines in 20 US states.
Meroil Tank has assets including 356,000m³ of refined oil products storage infrastructure at the port of Barcelona.
The Mopane field, part of the Orange Basin, is estimated to hold at least ten billion barrels (bbbl) of oil and gas equivalent, which could be valued at $10bn.
The ten-year agreement for up to nine billion cubic metres (bcm) of natural gas is expected to help ensure Europe's energy security.
The company is reviving plans for a US listing, joining other operators in scaling back investments ahead of anticipated tax increase.
The floating storage and regasification unit (FSRU) is due to commence operation in 2027.
The $49m (RM213.16m) private sale deal was announced in July 2020.
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