The two companies are to construct an oil well stimulation vessel as part of the agreement.
Offshore & subsea - 28 September 2020
The Jinzhou 25-1 oilfield 6/11 area is expected to reach peak production of approximately 16 500 bpd in 2023.
Wintershall Noordzee is currently finalising the hook-up activities to the D12-B production platform, from where the produced gas will be transported via the Neptune Energy-operated D15-A production platform, through the NGT gas transportation system to shore.
The API has responded to the Trump administration’s announcement to extend the existing offshore moratorium in the Eastern Gulf of Mexico to include additional areas off the Atlantic Outer Continental Shelf (OCS) through the year 2032.