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Colombia/Ecuador: Gran Tierra Energy provides operations and financial update 13 Apr 2021 Increased Current Average Production to 28,930 BOPD, Highest Since February 2020 Increased Acordionero Field Current Average Production1 to 16,400 BOPD, Highest Since September 2019 Reaffirms 2021 Full-Year Production Guidance of 28,000-30,000 BOPD Gran Tierra Energy has announced an operations and financial update. All dollar amounts are in United States dollars and all production volumes are on a working interest before royalties ( WI ) basis and are expressed in barrels ( bbl ) of oil per day ( bopd ), unless otherwise stated. Key Highlights: (1) Approximate average production over the period from March 28, 2021 to April 10, 2021 2021 Production Guidance: Based on the Company s significant progress in increasing production during and subsequent to the first quarter of 2021, Gran Tierra reaffirms its 2021 full-year production guidance of 28,000-30,000 bopd ....
Total has concluded final agreements for the Lake Albert Resources Development Project in Uganda and Tanzania. The Lake Albert development encompasses Tilenga and Kingfisher upstream oil projects in Uganda, which are expected to deliver a combined production of 230,000 barrels per day at plateau. ....
Shearwater GeoServices has been awarded a 3D seismic survey by a major operator in Vietnam. The two-and-a-half-month project will commence in April 2021 and will be conducted by the SW Vespucci. ....
Saudi Arabia: Aramco signs $12.4 billion infrastructure investment deal with EIG-led consortium 12 Apr 2021 One of the world’s largest energy infrastructure deals Newly-formed entity, Aramco Oil Pipelines Company, to lease usage rights of Aramco’s stabilized crude oil pipeline network over 25-year period Transaction reflects ongoing progress in Aramco’s portfolio optimization program, which aims to unlock value and maximize shareholder returns Significant injection of foreign capital reinforces Aramco’s leading position in the international energy arena and Saudi Arabia’s appeal to prominent institutional investors globally Aramco has signed a deal with a consortium led by EIG Global Energy Partners, one of the world’s leading energy infrastructure investors, to optimize its assets through a lease-and-lease-back agreement involving its stabilized crude oil pipeline network. ....
88 Energy has provided a further update related to its operations in the NPR-A region of the North Slope of Alaska. Sidewall cores in Merlin-1 confirm presence of oil previously observed in cuttings. ....