17 April 2026
17 April 2026
PDVSA holds a 60% stake in Petroquiriquire, while Repsol owns 40%.
The permit allows the company to move crude oil and petroleum products between the US and Canada via the cross-border pipeline.
The first contract involves EPCI of a water injection platform, two wellheads, 5km of pipeline and 15km of cables.
The rig will drill Brookside’s two-well Suttles pad, with the Sabres well targeting the Sycamore Formation and the Whalers well targeting the Woodford Formation.
The agreement covers the drilling of five wells and is scheduled to come into effect in Q4 2026.
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