Enpro Subsea has secured investment from EV Private Equity (EV) to grow its production optimisation business into new and existing international markets and further develop its range of production optimisation and intervention technologies.
Over US$83.1 billion in capital expenditure will be spent over the lifetime of the top 10 onshore oil projects to produce 9.7 billion bbls of crude oil, according to GlobalData, a leading data and analytics company.
The no cost option agreement to farm into offshore Block 49/29c UK Licence P2264 contains the Acle prospect, which is jointly owned by Swift Exploration Limited and Stelinmatvic Industries Ltd.
Confidence within the oil and gas industries has surged after a difficult three years, according to a survey by DNV GL.