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France’s TotalEnergies will serve as operator with a 24.5 percent stake during the exploration and appraisal phases. However, TotalEnergies that year exited the Sonatrach Total Entreprise de Polymeres joint venture formed 2019 to explore a petrochemical project in Arzew in the northwest of Algeria.
Apache holds a 50% working interest, operator Lagniappe and partner Santos each hold 25% working interests in the 325,411-acre exploratory block. Further appraisal drilling will determine the ultimate size of the discovery, but the flow test demonstrates the exceptional productivity of this shallow-marine reservoir.
The appraisal well was drilled approximately 22 km north-east of the Heidrun field and 270 km north of Kristiansund. It is the third exploration well drilled in production licence 891, which was awarded during the Awards in Predefined Areas (APA) in 2016. Please upgrade your browser to improve your experience. nozzle opening.
The OTCQB, operated by OTC Markets Group in New York, is a U.S. investors seeking investment opportunities in early-stage European appraisal and development projects, and access more broadly to the European natural gas market. is a Canadian-based exploration and production company specializing in tight gas development.
Steve Greenlee, then-president of ExxonMobil Exploration Co., said, “These are encouraging results in a frontier exploration area” An earlier well, Delphyne-1, did not yield commercial quantities of hydrocarbons. ExxonMobil operates Block 10 with a 60 percent stake. QatarEnergy holds 40 percent.
Image by Ole Arnesen via iStock The Norwegian Offshore Directorate said ConocoPhillips Skandinavia AS, operator of production license 891, had confirmed the Slagugle oil discovery. The second appraisal well, 6507/5-12 S, was drilled about 22 kilometers (13.7
Dr. Chris Cornelius announces the following changes, effective March 10th, 2025: Dr. Paul Clarke will be promoted internally to the role of Chief Executive Officer and President from his current role of Vice President of Exploration. Mr. Toby Pierce will be joining the Board of CanCambria as a Non-Executive Director.
Operating loss (52.4) (10.3) Cash flow from operations 66.9 Basic LPS from continuing operations ( per share) (22.5) (6.1) We are very clear on what needs to be done to deliver the appropriate Company growth and deliver the shareholder returns that are necessary for an emerging market exploration and production business.
To further explore the possibilities of energy procurement services, call Navigate Power at (888) 601-1789. An indirect procurement involves services or collections of goods that impact daily operations. Appraise the Quotes and Negotiate Terms Appraising quotes is another way to ensure that both parties agree on the transaction.
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