exploration
It has bought the shares in KrasGeoNac (KGN), which holds 12 conventional onshore exploration and production licences in Eastern Siberia
The review looks to ensure the government has the necessary information to plan for continued oil and gas production in a manner ‘aligned with tackling climate change’
The find would boost the country’s existing reserves of 150 billion barrel by a third
He helped steer the oil giant back following the 2010 Deepwater Horizon which brought the company close to collapse
It will be active in the exploration and development of oil and natural gas projects only in the US
The territory extends from the shoreline to around 215 kilometres offshore, with depths of up to 4,000 metres at points
It is expected to help unlock new investment and technology and more exploration activity
The government intends to make the fund less vulnerable to a permanent drop in oil prices
Work under the contract has been suspended since 2014
This figure totals almost as many wells as it has drilled since the company was established in 1972
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