bp and Venezuela have signed agreements to advance offshore gas development, including an exploration and production licence for Phase 2 of the Loran field in the Plataforma Deltana area, which holds an estimated 4 trillion cubic feet of recoverable gas resources.
Thailand-based PTT Exploration and Production Public Company has partnered with Italy’s integrated energy major Eni to set up a joint venture company, Seela Energies B.V., that will hold their participating stakes in the Ghasha Concession Project offshore Abu Dhabi.
