19 February 2025
19 February 2025
With increasingly ambitious renewable targets, all eyes are on Keir Starmer’s new government to see how the UK will pivot away from oil and gas.
The operation of the CCS project is expected to begin by Q1 2026.
The Sagittarius 1-X well targeted upper cretaceous formations, encountering a hydrocarbon reservoir with no water contact.
Operation and maintenance (O&M) represented 50% of the total contracts in Q4 2024.
The system is supported by long-term, fee-based contracts with several operators in the region.
The proceeds from these sales will be used to settle the company's remaining debt maturities for 2025.
This collaboration aims to enhance client services and strengthen their competitive edge in the offshore drilling sector.
The MBR 2024 has attracted 12 operators, offering 11 discovered resource opportunities (DRO) and three exploration blocks.
Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites.
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