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(Oil Price) –This week, a private arbitration panel in London began hearing the arguments of U.S. supermajors ExxonMobil and Chevron regarding their rights to one of the worlds most lucrative oil projects. Guyana is one of the most prized oil and gas projects on the planet, Wood Mackenzie analyst Luiz Hayum told FT.
oil and gas production, but its far from perfect. In fact, the industry typically recovers only 5% to 10% of the oil in place from shale reservoirs. In fact, the industry typically recovers only 5% to 10% of the oil in place from shale reservoirs. As the company moves forward with its $59.5
The company says its strong relationship with NOC, going back to 2017, was a key factor in retaining the contract, along with its record of past performance, knowledge of NOCs assets and availability of resource within the country.
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