Here’s a roundup of the latest E&P headlines, including a find that could expand the Yggdrasil development in the North Sea and contract awards in the upstream oil and gas industry.
A new provision included in ExxonMobil’s Yellowtail and Uaru Permits, for the fourth and fifth projects respectively, allows for a capping stack to be on standby in the event of a well blowout during oil production activities.
Guyanese authorities have provided ExxonMobil’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL), along with its joint-venture partners, with the legal backing needed to increase oil production at its fifth project in the Stabroek Block.