Commodity price uncertainty aside, issues raised after Mexico’s Round 1 Phase 1 can be addressed to move the country toward its goal of growing production and strengthening its economy.
The Guyana discovery would be on par with the combined size of a cluster of three reservoirs Exxon found in the Gulf of Mexico between 2009 and 2011, Bloomberg said.
Knowledge gained from earth-modeling efforts enables companies to better use geological findings to determine which way to direct the drillbit.
XTO, a subsidiary of ExxonMobil, agreed to sell its Cook Inlet oil assets and offers of employment will likely be made to its employees by Alaska-intent buyer Hilcorp.
Egypt has emerged from the turmoil of the Arab Spring to reestablish itself as the Mediterranean’s most attractive offshore province.