The independent oil and gas company is aiming to build shareholder value through a change in business focus to midstream with this step into pipeline service and construction. The startup of a second FPSO will add 115,000 BOPD to the deepwater project offshore Angola, bringing overall production capacity to 230,000 BOPD. If sanctioned and developed, the deepwater Pecan field would be Ghana’s fourth producing offshore field. First oil is expected 35 months after sanction, which could come as early as this year. The combination will operate and share ownership of midstream gas assets in the Utica and Marcellus Shale plays.

  Country: North America (0.96)
  Industry: Energy > Oil & Gas > Upstream (1.00)
  Oilfield Places: