Neptune anticipates 2020 to see produced volumes increase, reflecting production from the Cygnus field and an additional 3000 boe/d from assets set to be acquired from Energean Oil & Gas.
Drilling & production - 31 March 2020
The LOI has been signed with an Arab consortium of strategic institutional investors focused on African development opportunities.
Southeast Asia’s rig market, which was poised for growth in 2020, is now set for decline, according to analysis by Rystad Energy.
Shell has said that post-tax impairment charges in the range of US$400-800 million are expected for 1Q20.