Tag: Basin

Navitas assumes operatorship of Block 1 CBK in South Africa’s Orange basin

(WO) — Navitas Petroleum has assumed operatorship of Block 1 CBK offshore South Africa following regulatory approval and completion of Eco (Atlantic) Oil & Gasoline' farm-down of a 37.5% working curiosity within the...

MDL know-how helps deepwater decommissioning in Brazil’s Campos basin

(WO) — Maritime Developments Ltd. (MDL) has accomplished a deepwater subsea umbilicals, risers and flowlines (SURF) decommissioning marketing campaign in Brazil’s Campos basin, recovering infrastructure related to a decommissioned FPSO.  ...

Matador strikes $1.28 billion Delaware basin deal, provides 16,000 acres

(WO) — Matador Assets has agreed to amass Permian basin operator Paloma Permian LLC for $1.275 billion in money whereas additionally increasing its place within the rising Woodford play, the place the corporate...

TGS launches Orphan Basin 3D seismic reprocessing mission offshore Canada

(WO) — TGS has begun Section 2 of its Orphan3D pre-stack depth migration (PSDM) reprocessing mission offshore Newfoundland and Labrador, upgrading roughly 13,300 km² of 3D seismic knowledge to help exploration in one...

Petrobras acquires 50% stake in Campos basin exploration block

(WO) — Petrobras has agreed to amass a 50% curiosity within the offshore Itaimbezinho exploration block in Brazil's Campos basin from Equinor, increasing its presence in one of many nation's most lively offshore...

Permian basin helps 940,000 U.S. jobs, drives billions in financial impression

(WO) — The Permian basin continues to strengthen its place as a key driver of U.S. power manufacturing and financial progress, supporting greater than 940,000 jobs nationwide and contributing billions of {dollars} to...

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