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The Brazilian state-owned company is working to increase the recovery factor at the Carmópolis oil field to 32%.
The plan includes using one FPSO unit, with a 400 MMscf/d capacity, for the two fields.
Libya's oil production has risen to 885,000 bbl/d after the state oil firm settled a dispute with Germany's Wintershall AG that had slashed production, a Libyan oil source told Reuters.
The combined gas reserves in the Gulf Cooperation Council (GCC) is about 1,500 Tcf, but much of the reserve is associated gas and expensive to extract.
Exxon Mobil Corp. said June 16 it would proceed with the development of the Liza oil field, located offshore Guyana.
Separately, Frontera Energy said it had reached an agreement with natives of Peru's Amazon region over the development of an oil field involved in a dispute over land-use.
BP and Reliance will invest a further $6.2 billion in their jointly owned KG D6 gas block off India's eastern coast, the heads of the two companies said June 15.
Fortuna FLNG will be Africa’s first deepwater floating liquefaction facility, with production capacity of 2.2 million tonnes per year and an estimated start-up in 2020.
The number of non-sanctioned oil and gas projects has risen from 29 in 2015 to more than 100, according to a report.
The FLNG development will be the first offshore Africa and the world’s third.
Amec Foster Wheeler will deliver engineering and design, overall program management and other support services for a new gas-oil separation train which will boost production by 300,000 barrels per day (bbl/d), the company said in a statement.
Changing umbilical and cable designs support cost-effective deepwater production.