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Dr. Paul Clarke, CEO of CanCambria, stated: “We are very pleased to have signed this contract and look forward to completing the remaining steps, and closing in the next month. The signing formally initiates a four-year exploration period.
This year, bp completed drilling activities from two gas discoveries offshore the Mediterranean; El-King-2 and El Fayoum-5. The two exploration wells will be tied into the company’s existing onshore infrastructure as part of the West Nile Delta (WND) Gas Development project.
Kazakhstan has increased in February its crude oil and gascondensate production by 13% to a record of 2.12 Excluding gascondensate, Kazakhstan’s crude oil production surged by 15.5% million barrels per day (bbl/d), exceeding its quota within the OPEC+ group of oil producers, as Reuters reported. from January to 1.83
The complete resource evaluation can be downloaded from SEDAR+. is a Canadian-based exploration and production company specializing in tight gas development. About CanCambria Energy Corp. CanCambria Energy Corp.
“This will support reduction of operational emissions in Azerbaijan, enabled by the electrification of the terminal, which will also free for export the gas currently used to fuel the turbines generating power for the terminal,” BP said in the release.
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