Total E&P Philippines B.V. announces the signature of a Farm out Agreement with Mitra Energy (Philippines SC-56) Limited, based in Kuala Lumpur, Malaysia, to acquire a 75% interest in the offshore Block SC56, located in the Sulu Sea.
West Africa is one of the leading areas in the world for deepwater offshore exploration, with Nigeria and Angola the largest producers in the region.
ConocoPhillips has sold its share in NaryanMarNefteGaz to Lukoil as part of its divestment programme.
Bechtel has taken delivery of the first steel prefabricated modules for its Queensland Curtis Island LNG project.