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The tender was held about six months after the country’s successful deepwater auction and comes amid a shaky market recovery.
The deal with Covenant Testing Technologies divests a noncore asset while helping boost Key’s liquidity above $100 million.
On June 19, Mexico's second oil tender kicks off with 36 players, 20 individual companies and 16 consortia trying to snag the best deal.
Marine seismic isn’t the only realm where new technologies are making their mark.
The Norwegian oil and gas company has swapped interests in exploration permits with BP in the Great Australian Bight area.
The number of independent companies participating in the upcoming bid rounds is expected to grow as operators increase investments in Brazil.
EOR and artificial lift systems are needed to rejuvenate the Cardenas-Mora and Ogarrio fields.
Apache’s asset sale is in line with the company’s efforts to streamline its portfolio and focus on areas of high-growth, particularly in the Permian, a spokesperson said.
Several recent OTC presentations indicate that the huge South American country is ready to start anew.
Well-planned seismic acquisition overcomes terrain challenges.
Recent events suggest the deepwater GoM is alive and well.
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