The Norwegian oil major has secured suppliers to build a floating production vessel, drill production wells and install sea-bed infrastructure. Valaris earlier this year won a $498 million contract to drill wells for the project, known as Raia. The project will cost an estimated $9 billion and could supply 15% of Brazilian gas demand when it comes online.
Exxon, ADNOC agree to boost capacity of offshore oil field
The United Arab Emirates and Exxon Mobil Corp. have agreed to expand the nation’s oil production...
