10 June 2026
10 June 2026
The move aims to simplify the company's organisational structure, improve performance and focus on value growth for shareholders.
The Merlin-1X exploration well, which began drilling in April 2026, is the tenth to be drilled under the licence.
By 07:36 GMT on 10 June, Brent crude futures had risen by $0.25 to $91.70/bbl, while WTI had gained $0.23 to $88.43/bbl.
The refurbishment aims to extend the FPSO’s lifespan and support the 2026 development drilling programme at Baobab.
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