The start of operations in Mento increases bpTT’s commitment to energy development in the Caribbean and enhances Trinidad and Tobago’s position as a relevant node in BP’s global natural gas network.
The transaction is pending regulatory approvals, but registers a balance in the international distribution of one of the most relevant assets in the Gulf of Guinea.
This region offers ample scope for future gas discoveries.
The agreement includes Eni CCUS Holding’s future right to acquire the Ravenna project in Italy, conditional on the development of the local regulatory framework.
This contract includes optional extensions of up to five years, which could strengthen a long-term relationship with one of the most influential players in the energy sector.
The platform is equipped to use a technology patented by Petrobras, capable of separating CO₂-rich gas directly on the seabed.
Maria’s first Maria Phase 2 well commenced safe, on-time and on-budget production through a subsea tie-in to existing infrastructure.
The integration of these assets brings greater flexibility to its energy portfolio and enhances its ability to offer reliable energy at times of high demand.
The Addendum builds on the 11th edition of API 5CT, released in December 2023.
With this purchase, Ithaca Energy acquires 2P reserves at a cost of less than US$7 per barrel equivalent.
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