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(World Oil) – Libyas oil and gas sector is set for a new era of growth and investment following the announcement of its first exploration bid round in 17 years. This increase in production from existing fields underscores the countrys commitment to stabilizing and expanding its energy supply.
(the Company or ReconAfrica) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces an agreement for a joint exploration project in Angola with the Agncia Nacional de Petrleo, Gs e Biocombustveis or National Oil, Gas and Biofuels Agency (ANPG). This will be the Companys largest exploration prospect drilled so far.
The Placing was undertaken on the back of three key recent catalysts for the Company: The Company delivered a highly successful production test on the State 36-2R well. basins; A US$100 million commitment from a major U.S. basins; A US$100 million commitment from a major U.S.-based
Mr. Vaughan’s extensive experience in European exploration and production includes high-pressure, high-temperature (HPHT) drilling and completion operations, complemented by a strong focus on cost management and safety protocols. We are thrilled to welcome Eric to the leadership team, said Dr. Paul Clarke, President and CEO.
One of the most innovative approaches Coterra is utilizing is its ‘row developments’ strategy , particularly in the Permian Basin. This method has been instrumental in achieving significant cost reductions, enhanced hydrocarbon recovery, and greater project returns. What Are Row Developments?
Prospect I is located onshore Namibia in Petroleum Exploration Licence 073 (“PEL73”) and is the Company’s largest prospect to be drilled so far. The results of the Naingopo exploration well announced in January 2025 increased our confidence in the potential for Prospect I.
mboe/d); Q1 2025 average Permian production of 14.5 existing net DUCs and permits with an average lateral length of ~9,500 feet PRO FORMA HIGHLIGHTS Approximately 85,700 net royalty acres in the Permian Basin; ~43% operated by Diamondback Pro forma Viper owns an average 1.8% mboe/d); Q1 2025 average Permian production of 14.5
For engineers and project managers across the Texas energy landscape, the core challenge remains the same: how to maximize the recovery of valuable products, meet stringent quality specifications, and maintain cost-effectiveness. A custom-engineered JT skid from Pro-Gas is a precision instrument for dew point control.
” Strategic Rationale Solidified Position Within the Large-Cap Universe: The combined company will have an enterprise value of $15 billion 1 and 370,000 boe/d 2 (63% liquids) of corporate production with significant overlap across both unconventional and conventional assets. million acres in Alberta.
The growth in the historic period can be attributed to data explosion in the industry, operational efficiency improvement, automation of repetitive tasks, safety enhancement, optimization of exploration and drilling processes, enhanced reservoir management.” The goal is always to make humans more productive.
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