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 loadings to hit eight-year high as global supply glut builds
North Sea crude exports are set to reach their highest level since 2017, with December loadings...
