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Hess compares the first phase development of Liza offshore Guyana to the Delaware Basin and deems one a better investment.
The Middle East and North Sea are among the areas of positivity for the offshore premium jackup market.
The company is working to extend the life of the field, increase its recovery factor and avoid premature decommissioning.
A new design offers offshore operators an economical and reusable solution for field development.
The cost of safely removing offshore assets from service has given rise to investment in decommissioning technologies.