The companies had requested an extension of the concession in 2021, but then withdrew the request, leading to the termination of the contract in 2022.
After diverting the flow of oil through Ecuador, Ecopetrol reduced losses from theft from almost 3,000 barrels per day to only 0.3%.
FPSO Atlanta has the capacity to process 50,000 barrels of oil and 140,000 barrels of water per day.
In addition to the huge crude oil reserves, Suriname has approximately 12.5 trillion cubic feet of natural gas.
Oil production in Argentina reached 690,000 barrels per day in March, with 52% coming from Vaca Muerta.
The plant can produce up to 15 million metric tons of LNG per year, enough to cover the gas consumption of approximately 5 million homes in…
Chevron owns a 19.4% interest in the Clair field, the largest in the British North Sea.
Qatar plans to increase its LNG production capacity to 142 million tons per year.
The oil reserves discovered are equivalent to ten times the production of the North Sea in the last 50 years.
Some market analysts suggest that a lack of investor interest could be a determining factor.
The Likembe-01 well reached a final depth of 3,013 meters, crossing Miocene formations and confirming the presence of oil.
The quality of the gas used is high, with a calibrated meter showing almost 99% methane and only 1% nitrogen.
