Westlawn Americas Offshore (WAO), a portfolio company of Westlawn Group, has agreed to acquire a 20% stake in BS-4 concession within the Santos Basin pre salt, offshore Brazil from Enauta Participações.
Current oil production from Parque das Conchas is approximately 35,000 boed day from 25 wells connected to the FPSO Espírito Santo. In the first half of 2023, average production was 28,000 boed.
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Here’s a roundup of the latest E&P headlines, including the Jubilee South East project reaching production of 100,000 bbl/d and new contract awards in the upstream oil and gas industry.