03 February 2026
03 February 2026
The newly formed entity, operating under the name Devon Energy, will have its headquarters in Houston, Texas, US.
The transaction comprises a 30% non-operated interest in the Bandurria Sur field and a 50% non-operated interest in the Bajo del Toro asset.
Solveig, a subsea development, is situated roughly 15km south of the Edvard Grieg platform and connected via existing infrastructure.
The contract involves planning the responsible decommissioning and removal of 27 outdated offshore platforms and related infrastructure.
The extension adds $114m to Seadrill’s backlog and extends the 2022 contract through October 2027.
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