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bpTT advances the Ginger project following the gas discovery in Frangipani

The success of the Ginger and Frangipani wells adds to the company's achievements in recent months.

The company estimates it will achieve 80 million tons of reinjected CO₂ by the end of 2025.

The company continues to monitor the situation and will provide updates as the investigation progresses.

This is one of the most significant discoveries in the region in recent years.

CAPGC becomes the new owner of the Singapore Energy and Chemicals Park following the sale to Shell.

The company anticipates a further operational update later this month, providing more details on ongoing activities and upcoming strategic plans.

Island Drilling will be responsible for well plugging operations on the NCS, using the Island Innovator rig.

The project plans to transport up to 30 billion cubic meters of natural gas per year.

This contract includes ongoing technical support from specialized engineers working with both companies.

Once fully operational, the project will provide approximately 8 billion cubic meters of natural gas annually.

Upon purchase, Perenco will assume ownership and operation of the assets, becoming responsible for all restoration obligations.

Prices have increased by about 4 cents since last week, reaching a national average of $3.16 per gallon.