Assets to be acquired include production from over 1230 horizontal wells, 157 line of site wells, and 44 permitted wells all in the core of the Haynesville Shale.
The company and partners Wintershall Dea and Petoro have made a commercial gas discovery in production licence 1128, estimated at between two and eleven billion standard cubic metres of recoverable gas, or about 12.6 – 69.2 million barrels of oil equivalent.
The company intends to fully exit Russia following a principle decision of the Management Board, approved by the Supervisory Board.
The CT&P business fits well within Archer’s overall strategy to grow our drilling and well services in UK and to further grow our integrated P&A service offering.
The company has provided an operational update on its current activities and the outlook for 2023.
The company has approved the final investment decision of the Lapa South-West oil development located in the Santos Basin, 300 km off the coast of Brazil.
The company has successfully completed the assessments of the requirements for API 16AR repair and remanufacturing of drill-through equipment at its manufacturing facility in Hempstead, Texas.
According to the company, upstream oil and gas companies made big strides in 2022, restoring confidence and repairing balance sheets.
Nicolas Payer has taken up the role of Managing Director for the UK E&P business on 09 January.
In 2023 the company plans to participate in 25 exploration wells, most of them around existing infrastructure.
The companies have announced their partnership to bring high horsepower, lower emissions technology to hydraulic fracturing.
On 10 January 2023, 25 companies were offered ownership interests in a total of 47 production licences on the Norwegian shelf in the awards in predefined areas (APA) 2022.
The acquisition is based on an enterprise value of US$8 million, plus earn-out pending trading performance over 2023 to 2025.
The systems will be deployed across two of OceanPact’s vessels to support inspection, repair and maintenance services for Petrobras' oilfields.
The Norwegian Petroleum Directorate consider how Norway has fortified its role as a predictable, long-term supplier of energy to Europe.