21 July 2026
21 July 2026
The deal includes Giddings infrastructure including a sand mine supplying around 80% of Magnolia's annual needs and 500 miles of pipelines.
PTBEL has been named as lead contractor, with PetroChina and Hunan Geology & Mining Technology expected to act as subcontractors.
The deal with Pacifico Energy covers eight AE64.3A turbines and generators, with first deliveries due in 2027 to support fast-ramping, flexible power for AI and cloud infrastructure.
The contract includes field development planning, production optimisation, digital solutions and EPCM services for the two fields.
The newly installed Neptun Alpha production platform sits in waters around 120m deep.
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