Pharos Energy has confirmed that it is participating in the process for the purchase of Shell's upstream portfolio in the Western Desert in Egypt as part of a consortium.
Drilling & production - 06 March 2020
Norway's Petroleum Safety Authority (PSA) has given Equinor consent to use the Deepsea Atlantic mobile drilling facility for drilling and completion on the Tordis and Vigdis fields.
Darren W. Woods, the company's chairman and CEO, made the announcement at the company’s annual investor day at the New York Stock Exchange.
The company recorded an increased profit after tax of US$164 million, compared to US$133 million in 2018.