The divestment of SPDC aligns with Shell’s intent to simplify its presence in Nigeria through an exit of onshore oil production in the Niger Delta and a focus of future disciplined investment in its Deepwater and Integrated Gas positions.
Viewing entries tagged
featured
The divestment of SPDC aligns with Shell’s intent to simplify its presence in Nigeria through an exit of onshore oil production in the Niger Delta and a focus of future disciplined investment in its Deepwater and Integrated Gas positions.
bpTT’s decision to sell some of its mature gas fields in Trinidad & Tobago to Perenco, presents an excellent opportunity for Trinidad & Tobago to continue to produce natural gas from these fields well into the future. In a mature oil and gas province like T&T it is important to have a good mix of different upstream operator companies, each with different strengths and capabilities. Major exploration campaigns and greenfield developments need major multi-national oil and gas companies with the necessary resources.
BHP Billiton will be drilling two wildcat prospects in their Trinidad & Tobago deep-water acreage in 2016, with the possibility of a third well depending on the outcome of the first two wells.