The teaser relates to the sale of the company's entire working interest in the Peroá and Cangoá production fields and in the concession BM-ES-21 (Malombe discovery appraisal plan), located in the Espírito Santo Basin.
The offshore work includes marine operations for rock removal, installation and tie-in of subsea lines and installation of subsea structures at the Vigdis and Snorre offshore fields.
The Abay block is located in the northern part of the Kazakhstan sector of the Caspian Sea, approximately 50 km from the coast, and is estimated to have significant potential for hydrocarbon resources.
The contract is for the the Shelf Drilling Scepter jack-up rig, and is expected to run from 1Q20 to 2Q22.
Equinor is to divest a 16% shareholding in Lundin Petroleum for a direct interest of 2.56% in the Johan Sverdrup field and a cash consideration of approximately US$650 million.
Fiona MacAulay has joined the board of EPI as non-executive director effective 1 July 2019.
Eco and its partners on the Orinduik Block, Tullow Guyana B.V. (Operator, 60% Working Interest (WI)) and Total E&P Guyana B.V. (25% WI), estimate the well will take up to 40 days to drill.