Whiting will use the net proceeds from the sale to repay US$500 million of its current US$550 million bank debt. The effective and closing date of the sale is September 1, 2017.
Drilling & production - 16 August 2017
These two drilling contracts are to be deployed in PetroChina’s CBM (coal bed methane) Blocks - Fanzhuang and Anze - within Shanxi Province and are estimated to have an aggregate value of at least US$2 million.
Gas projects in Australia and Trinidad are fourth and fifth of seven major projects start-ups BP expects in 2017.
Petrobras reports that its total oil and natural gas production in July was 2.74 million boe/d, 2.63 million boe/d of which produced in Brazil and 114 000 boe/d produced abroad.