05 June 2026
05 June 2026
By 07:04 GMT on 5 June, Brent crude had fallen by $0.24, or 0.25%, to $94.79/bbl, having decreased by 2.84% in the previous session.
The scope of the contract includes drilling four infill wells and three exploration wells, with options for up to two additional exploration wells.
The Chalchi FSO vessel is currently under construction and, once completed, will operate under a 20-year lease agreement with Woodside Energy.
The phase one FID follows receipt of a FERC certificate of public convenience and necessity for the Spindletop expansion.
The project will use 24 reciprocating engines and is expected to begin commercial operation in 2027.
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