The exploration period for Block 5, as set out in the PSC, will last 6 years, with Staatsolie retaining the right to a 40% participation.
Offshore & subsea - 14 October 2021
The survey comprises a 2-month 4D monitor survey in the Louro-Mostarda Development areas of Block 32.
The transaction includes Occidental’s interests in both the Jubilee and TEN fields, which combined had 2Q21 net production of 22 000 boe/d.
The potential Trefoil Project is a subsea development at the Trefoil gas field offshore Australia, with a tie-back to the Yolla Platform.