Rystad Energy predicts over 1 million km of oil and gas wells to be drilled over next five years
The collective depth of these wells is the equivalent of 25 times around the equator – or 2.5 times the distance to the moon.
The collective depth of these wells is the equivalent of 25 times around the equator – or 2.5 times the distance to the moon.
Delek said it believed that if a deal is reached, it could be completed this year and would be financed through bank loans and its own resources.
The company is currently working on a revised Plan for Development and Operations, following scheduled feedback from Ghanaian authorities.
The agreement relates to gas sales from the Nam Du and U Minh gas fields in block 46/07 and block 51, respectively, offshore Southwest Vietnam.
Empyrean, Conrad Petroleum, and Coro Energy Plc have agreed the upcoming drilling programme in the Duyung PSC in the West Natuna basin, offshore Indonesia.
The public inquiry will commence on 5 November 2019 with the hearing expected to last up to six days.