18 December 2024
18 December 2024
Ukrainian Prime Minister Denys Shmyhal said the country is open to negotiating a deal for gas transit but will not extend the current agreement with Russia.
Top topics included liquefied natural gas (LNG) uncertainties, growing demand for petrochemicals, Saudi moves in India and the danger of oil supply deficits.
The merger could have unified operations, targeting production of more than 130,000 barrels of oil equivalent per day (boepd) by 2024.
The development, effective from 1 January 2025, will see EnQuest holding a 50% equity share.
The Porto Carao Cluster near Guamare and the Barrinha Cluster near Mossoro together comprise 11 concession contracts.
The gas will be sourced from Chevron’s equity interests in the Gorgon and Wheatstone facilities and the Northwest Shelf Venture.
YPF's pipeline will initially transport 550,000 barrels per day (bpd), with potential expansion to 700,000bpd.
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