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Equinor Files Development Plan for Fram South in Norwegian North Sea

Rigzone

The project, a subsea tieback to the existing Troll C platform, holds estimated recoverable volumes of 116 million barrels of oil equivalent. It expects the project to start production 2029. “We have a large portfolio of projects that will phase in discoveries to our producing fields. Both are tied back to Troll C.

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Iraq Intends to Increase Oil Production to Exceed 6 mmbbl/d by 2029

Egypt Oil & Gas

Iraqs Oil Ministry announced that it plans to increase oil production to more than 6 million barrels per day (mmbbl/d) by 2029, while confirming an agreement with bp to develop four oil fields in Kirkuk, Iraq News Agency reported.

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African national oil companies (NOCs) partnering with independents to drive E&P

Oil & Gas 360º

Libyas NOC is working with IOCs Repsol, bp, TotalEnergies, ConocoPhillips and more to increase output to two million barrels per day (bpd). this year, actively pursuing international partnerships following a revision of its Hydrocarbons Law in 2029. Algerias Sonatrach will increase hydrocarbon production by 2.5%

E&P 130
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Shell Expands Investment in Brazil’s Pre-Salt with Gato do Mato Project

Egypt Oil & Gas

According to the companys statement, the development plan includes the installation of a floating production storage and offloading (FPSO) vessel and is designed to produce up to 120,000 barrels of oil per day (b/d).Current Current estimated recoverable resource volumes of the Gato do Mato development are approximately 370 million barrels.

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Strathcona announces sale of Montney business for $2.84 billion and acquisition of Hardisty Rail Terminal

Oil & Gas 360º

billion in 2027 2029, before returning to sustaining expected capital of $0.8 Field Operating Income is a common metric used in the oil and natural gas industry to assess the profitability and efficiency of the Companys field operations. The following table reconciles Field Operating Income to the nearest GAAP measure.

BBL 130
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BP Enters Into Series of Azerbaijan Deals

Rigzone

million barrels of oil equivalent per day by 2030, “with capacity to increase further to 2035” BP pointed out in its release that the Shah Deniz Compression project is valued at $2.9 billion and that the company operates the Shah Deniz gas field with a 29.999 percent participating interest.

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Saturn Oil & Gas Inc. provides Q1/25 capital program update and accelerates debt repayment with US$15 million senior note repurchase and cancellation

Oil & Gas 360º

Conventional / Mississippian Development Highlights Saturns 11-04 Frobisher Mississippian well at Browning in southeast Saskatchewan realized a record initial production rate after 30 days ( IP30 ) of approximately 340 barrels per day ( bbls/d ) based on a sample set of approximately 100 wells.

Gas 100