30 June 2026
30 June 2026
Under the new arrangement, Baker Hughes will supply maintenance and support services for equipment linked to the Train 7 project.
The project aims to maintain and boost gas production at the Bahr Essalam field, situated around 100km offshore Libya.
Cardinal Midstream, an EnCap Flatrock Midstream portfolio company based in Dallas, Texas, US, has approximately 145 miles of gas-gathering pipelines.
OPIC will fund 88% of the costs for the upcoming BK-01 exploration well, up to a maximum of $5.6m (T$178.61m).
By 08:03 GMT on 29 June, Brent crude futures had edged up $0.04 to $72.03/bbl, while US WTI crude rose $0.44, or 0.6%, to $69.67/bbl.
The acquisition increases the company’s operated Paradox Basin acreage to approximately 70,000 gross acres, mostly with a 100% working interest.
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