The contract is for Velesto’s jack-up rig NAGA 4 to drill seven firm wells, with an estimated contract value of US$17.68 million.
The agreement includes both 3D new acquisition offshore the Lamu Basin and reimaging vintage data offshore Kenya.
The duration of the survey is approximately four months and will be executed in 2021 using the company's ZXPLR deepwater ocean bottom node technology.
Ithaca Energy has sanctioned EOR Stage 2, the next phase of development at the Captain Field in the UK Central North Sea.
The company’s environmentally acceptable corrosion inhibitor product line has been developed to enable E&P organisations to economically extend the life of their assets in a sustainable way.
The lifting totalled 225 000 barrels with a net share of 27 675 barrels to ADM, which equates to ADM's paying interest of approximately 12.3%.
The contract is for an initial five-year period commencing 2Q21 and includes additional optional periods.