Search

You may also like

36 Views
Cash Nation Entertainment Boss, ‘Kashy’ Arrested By EFCC
International News - Local news - News -

Cash Nation Entertainment Boss, ‘Kashy’ Arrested By EFCC

The Nigerian Economic and Financial Crimes Commission (EFCC) has arrested the CEO of Nigerian record label, Cash Nation Entertainment, Babatunde Oyerinde Abiodun, popularly referred to as Kashy for his alleged involvement in cybercrime fraud. The news was released by the official Twitter handle of EFCC […]

36 Views
Sources: Barca players turning on Setien
International News - News - Sport -

Sources: Barca players turning on Setien

Barcelona manager Quique Setien’s relationship with his players is already showing signs of straining. Source link 0 0 vote Article Rating Related posts: Roland Lamah stuns Atlanta with late leveler Ibra on criticism: I eat it for 'breakfast and lunch' Man Utd's Pogba, Lingard filmed […]

36 Views
Giadom hands over leadership of APC to Governor Buni
Celebrities - Comedy - Entertainment - Local news - Movies - Music - News -

Giadom hands over leadership of APC to Governor Buni

Acting national chairman of All Progressives Congress (APC), Victor Giadom has handed over the leadership of the party to Governor Mai Mala Buni who was recently appointed as chairman of the caretaker committee. At the handing over ceremony which took place at the party’s national secretariat in Abuja […]

www.gistpad.com.ng

Ineos farms out two Norwegian licenses to Lime Petroleum

Ineos farms out two Norwegian licenses to Lime Petroleum


Rex International’s 90 per cent subsidiary, Lime Petroleum, has completed the acquisition of a 15 per cent stake in two Ineos’ licenses in the Norwegian Sea.

Rex
International said on Monday that the acquisition of the stakes in licenses PL937
and PL937B was closed on 29 May 2020.

Pursuant to the completion of the farm-in, which will have an effective date from 1 January 2020, Lime Petroleum now holds 15 per cent interests in each of the licences.

Ineos will remain the operator of both PL937 and PL937B.

The licences
PL937 and PL937B are located in Frøya High in the Norwegian Sea in a water
depth of some 325 metres. Before the farm-in, both licenses were 100 per cent
owned by Ineos.

It is worth
mentioning that Lime Petroleum initially entered into an agreement with Ineos
for the farm-in on 20 March 2020.

Exploration
drilling on the licences is expected in early 2021, with the planned well
targeting a large prospect called Fat Canyon.

At the time, Dan Broström, executive chairman of Rex International, said: “Our strategy to do ‘just-in-time’ farm-ins has served us well in 2019.

We were able to participate in the drilling of an exploration well in PL838 shortly after the farm-in and the well was completed with the Shrek discovery. We are optimistic about and anticipate the opportunity to repeat our success with the Shrek and Rolvsnes discoveries […]”.

Lars Hübert, CEO of Lime Petroleum, added: “The farm-in fits in with our technology-led and near-field exploration strategy. The Njord field is located some 30 kilometres to the north while the adjacent Fenja field will start production in 2021”.

To remind, Lime Petroleum in April farmed into another pair of licenses. This time owned by Equinor.

Namely, Lime
Petroleum signed an agreement with the Norwegian oil major for the acquisition
of 20 per cent interests in the PL263D and PL263E licences located in the
Norwegian Sea.

As is the
case with the two Ineos licenses, Equinor already has plans in place regarding exploration
drilling there. According to Equinor’s schedule, drilling is set to begin in
the last quarter of the year.

The post Ineos farms out two Norwegian licenses to Lime Petroleum appeared first on Offshore Energy.



Source link

0 0 vote
Article Rating
Related topics Animals, Dogs, People
Previous post Next post

Your reaction to this post?

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

You may also like

0 Views Views
Ubisoft is reportedly working on a battle royale title called 'Hyper Scape'
People

Ubisoft is reportedly working on a battle royale title called 'Hyper Scape'

Since the game hasn’t been officially unveiled yet, details about it are a bit scarce. However, we do know a few critical pieces of information. For starters, it’s apparently being developed by Ubisoft Montreal, the studio behind well-known IPs like Assassin’s Creed, Rainbow Six, and […]

0 Views Views
Four ex-Minneapolis police officers charged in George Floyd’s killing appear in court (Photos)
People

Four ex-Minneapolis police officers charged in George Floyd’s killing appear in court (Photos)

The four former Minneapolis police officers charged in George Floyd's killing appeared before a judge on Monday, June 29. Tou Thao, J. Alexander Kueng, and Thomas Lane, who are accused of aiding and abetting in Floyd's death, appeared before Judge Peter Cahill on Monday afternoon in a […]

0 Views Views
Cash Nation Entertainment Boss, ‘Kashy’ Arrested By EFCC
People

Cash Nation Entertainment Boss, ‘Kashy’ Arrested By EFCC

The Nigerian Economic and Financial Crimes Commission (EFCC) has arrested the CEO of Nigerian record label, Cash Nation Entertainment, Babatunde Oyerinde Abiodun, popularly referred to as Kashy for his alleged involvement in cybercrime fraud. The news was released by the official Twitter handle of EFCC […]

0
Would love your thoughts, please comment.x
()
x