02 December 2024
02 December 2024
African countries like Nigeria, Libya and Tunisia, along with the United Arab Emirates (UAE), are major importers of Russian gasoline.
It is set to witness a renewable diesel production capacity of 1,088 million gallons per annum from upcoming projects by 2030.
The transaction includes a 45% stake in the CPO-9 Block and a 25% stake in SierraCol Energy Arauca.
Gas from Talbot will be transported via the Central Area Transmission System to the Teesside Gas Processing Plant.
The project is expected to achieve peak production of approximately 20,600 barrels of oil equivalent per day (boepd) by 2027.
The company has launched bidding for a firm floating production storage and offloading (FPSO) unit for SEAP 2, with an option for a second unit for SEAP 1.
The company aims to secure natural gas supplies following the final investment decision (FID), with production set to begin in 2028.
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