01 November 2024
01 November 2024
The well reached a total depth of 3,540m, encountering a 160m-thick section of Leman Sandstone.
Chancellor Rachel Reeves also confirmed £2bn ($2.6bn) for 11 green hydrogen projects, which are “amongst the first commercial-scale projects anywhere in the world”.
The UK-based oil and gas company's total revenues and other income during the three months under review was $48.33bn (£37.17bn).
The transaction's completion is subject to several conditions including ministerial consents.
The consortium has pledged to drill a well in the Niosi Marin block within the exploration period.
‘We have a lot of different types of wired and wireless connectivity solutions that can meet the requirements of connecting oil and gas assets to the people in oil field, assisting the operators’
The agreement highlights the shared intent to identify opportunities to optimise operations and generate additional value.
The Brazilian state-run company is looking to build up its oil and gas reserves without relying on big acquisitions.
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