The forecast shows oil production in the US Gulf to average 1.80 million b/d in 2025 and 1.81 million b/d in 2026. Natural gas production is expected to average 1.72 bcfd this...
Through the drilling campaign, Valeura has maintained oil production consistent with its first quarter performance, offsetting natural declines, it said in a release May 27.
The FPSO will be connected to 12 wells in about 2,000 m of water and has an operational capacity of 180,000 bo/d and 12 million cu m/d of gas compression.
Occidental’s Vicki Hollub says pullbacks in capital spending could mean production in the prolific basin tops out as soon as next year. Technology and efficiency gains aren’t ...
