Putting the mine into commercial exploitation on schedule contributes to maintaining and increasing production output, consolidating Vietsovpetro's core role in the value chain of oil and gas exploration and exploitation in Vietnam.
The discovery well was drilled to a total vertical depth of 33 228 ft utilising the West Vela deepwater drillship and encountered oil pay in multiple high-quality, sub-salt Miocene sands.
This transformational acquisition marks Kent’s strategic expansion in the fast-growing global decommissioning market, delivering on its aim to become a full-service partner across the energy lifecycle, including late-life operations through to the safe and successful decommissioning of customer assets.
Oil and gas exploration and production company Indonesia Energy Corp. (IEC) has entered into a memorandum of understanding (MoU) with Brazil's Aguila Energia e Participações (AEP) to explore potential energy opportunities in Brazil.