Oil and Gas

The platform that will be used in this operation is capable of operating at depths of up to 750 meters.

Block 59 covers 11,480 km² in ultra-deep water, between 2,700 and 3,500 meters deep.

The project will be the first of its kind in U.S. deepwater, taking advantage of Brownfield port infrastructure.

The Gjøa Nord, Cerisa and Ofelia discoveries contain up to 110 million barrels of oil equivalent.

The new commitment is in addition to the existing agreement for Plaquemines LNG.

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.