The AMI provides FAR and CNOOC UK with agreed arrangements to partner in evaluating, bidding, negotiating and managing joint ventures on farm-in and open acreage opportunities for oil and gas licences. The AMI agreement period is for two years.
Audrey MacIver, Head of Energy at Highlands and Islands Enterprise, sets out the rewards the Highlands and Islands is set to reap from major infrastructure investment.
Eco (Atlantic) Oil & Gas Ltd has noted the announcement made overnight by ExxonMobil Corporation in relation to another new oil discovery in Guyana on its Snoek Oil Prospect.