The Baja-1 discovery will be developed with GranMorgu’s infrastructure, maximizing resources between blocks 53 and 58.
The platform is expected to start producing crude oil at full capacity in late summer 2025.
One out of every three barrels of oil extracted in Norway comes from the Johan Sverdrup field.
The assignment of the NAGA 5 platform is part of the group’s strategy to maximize the utilization of its fleet.
The financial extension will allow Tower Resources to move forward with contracting services and logistical preparations related to the NJOM-3 well.
This process converts the evaporated gas into usable city gas. During the construction of a container ship in South Korea, they succeeded in converting LNG vapors into gas, in line with port environmental requirements.
This new accumulation, estimated between 9 and 15 million barrels, is in addition to the base volume of the field, whose initial potential was estimated between 450 and 650 million barrels.
Brazil’s Petrobras chooses DOF Group ASA to expand operations with two vessels in the market.
The court approves the judicial dissolution of three key companies of the Prax Group following the request of the Official Receiver.
The deployment of advanced technologies, coupled with a strategy focused on sustainable performance, positions ADNOC Drilling as a key player in the future of efficient oil extraction in the region.
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