Located approximately 275 km off the coast of Louisiana, the North Platte field development includes a semi-submersible floating production unit (FPU) in water over 1300 m deep.
The company has announced a net loss of US$1.7 billion for 4Q19, compared to a net income for 3Q19 of US$295 million.
ASH-2 which was drilled to a total depth of 4030 m in the Alem El Buieb (AEB) Formation onshore Egypt, has been completed to allow selective production from both an upper and lower reservoir interval.
SNC-Lavalin will provide front-end engineering and design (FEED) services for the second phase of the Haliba field, located in Al Dhafra Petroleum’s concession area.
The company recorded annual production of 75.5 milllion boe in 2019.