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Posted On: 10/24/2023 10:35:32 AM
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Venus development drilling contract could be $800 million
TotalEnergies lines up mega-drilling contract to fast-track exploitation of giant Namibian oil discovery
Venus development drilling contract could be worth north of $800 million
24 October 2023 8:25 GMT UPDATED 24 October 2023 8:25 GMT
By Iain Esau in Cape Town
TotalEnergies has launched a bid process for a contract set to be worth more than $800 million to secure a rig to carry out development drilling on its huge Venus oil discovery offshore Namibia.
The move underpins the French supermajor’s plan to fast-track the exploitation of its multi-billion-barrel deep-water oil and gas find on the prolific Orange basin.
TotalEnergies increasingly bullish on development of largest oil discovery in global hotspot Namibia
Read more
Multiple sources told Upstream that TotalEnergies is in the market to award a five-year development drilling contract, with the operator due to make a decision by the end of this year.
https://www.upstreamonline.com/field-developm...-1-1540045
jmho
TotalEnergies lines up mega-drilling contract to fast-track exploitation of giant Namibian oil discovery
Venus development drilling contract could be worth north of $800 million
24 October 2023 8:25 GMT UPDATED 24 October 2023 8:25 GMT
By Iain Esau in Cape Town
TotalEnergies has launched a bid process for a contract set to be worth more than $800 million to secure a rig to carry out development drilling on its huge Venus oil discovery offshore Namibia.
The move underpins the French supermajor’s plan to fast-track the exploitation of its multi-billion-barrel deep-water oil and gas find on the prolific Orange basin.
TotalEnergies increasingly bullish on development of largest oil discovery in global hotspot Namibia
Read more
Multiple sources told Upstream that TotalEnergies is in the market to award a five-year development drilling contract, with the operator due to make a decision by the end of this year.
https://www.upstreamonline.com/field-developm...-1-1540045
jmho
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