Byron Energy completes SM58 acquisition
Byron has closed the previously announced acquisition of the South Marsh Island 58 (‘SM58’) lease block including the SM58 #E1 producing wellbore and the SM69 E platform and flowlines.
Byron has closed the previously announced acquisition of the South Marsh Island 58 (‘SM58’) lease block including the SM58 #E1 producing wellbore and the SM69 E platform and flowlines.
Each contract is for engineering studies and includes an option for Woodside to proceed to the execute phase with an engineering, procurement, construction and installation (EPCI) contract.
Political and economic instability may affect Lebanon’s second offshore licensing round, according to GlobalData.