Tag Archives: PSC

TotalEnergies Launches Akpo West Field Production, Boosts Nigeria’s Energy Sector

(IN BRIEF) TotalEnergies, along with its partners, has commenced production from the Akpo West field in Nigeria’s PML2 license area. This field, located 135 kilometers off the coast, is tied back to the existing Akpo Floating Production Storage and Offloading … Read the full press release

TotalEnergies Secures 20-Year Renewal for OML130 Production License in Nigeria

(IN BRIEF) TotalEnergies has successfully renewed the production license for OML130 block in Nigeria for an additional 20 years. The block, located off the Nigerian coast, is home to the productive Akpo and Egina fields. In 2022, the block produced … Read the full press release

TotalEnergies Expands Offshore Portfolio in Suriname through Strategic PSC Agreements

(IN BRIEF) TotalEnergies and its partners have signed Production Sharing Contracts (PSC) with Staatsolie Maatschappij Suriname for offshore Blocks 6 and 8 in Suriname. TotalEnergies will operate the blocks with a 40% interest, while QatarEnergy holds 20% and Paradise Oil … Read the full press release

bp secures a 20-year extension of the production sharing contract (PSC) for the Tangguh LNG project from the Government of Indonesia

(PRESS RELEASE) LONDON, 23-Dec-2022 — /EuropaWire/ — bp (LON: BP), a British multinational oil and gas company, has announced that the company secured a 20-year extension of the production sharing contract (PSC) for the Tangguh LNG project, which includes the … Read the full press release