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.
North Sea oil and gas decline threatens 115,000-job workforce, report says
The UK risks losing skilled North Sea oil and gas workers before new energy industries can absorb...
