View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Uncategorised
June 3, 2020

Covid-19 has brought oil and gas reserves for sale to above 12.5bn boe

Oil and gas companies have accumulated assets for sale with recoverable reserves of more than 5 billion barrels of liquids and 7.5 billion barrels of oil equivalent (boe) of natural gas, energy research company Rystad Energy has estimated.

By Yoana Cholteeva

Oil and gas companies have accumulated assets for sale with recoverable reserves of more than 5 billion barrels of liquids and 7.5 billion barrels of oil equivalent (boe) of natural gas, energy research company Rystad Energy has estimated.

According to the firm’s analysis, oil operators are either getting rid of their mature portfolios to focus on key projects, or are looking to avoid additional greenfield costs amid the current low crude price.

Read the full article here

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Offshore Technology