Apache Corporation and French rival Total have formed a joint venture to develop...
- Apache Corporation and French rival Total have formed a joint venture to develop a project off Suriname, the companies said, in a deal that gives the U.S. oil and gas producer a cash injection.
Apache reported this month it had reached its target depth at its first Suriname well but said only that it would drill deeper, knocking 17% of its shares in two days as investors took the news as a sign the well had no commercially viable oil. Total said it would give Apache a bonus of $100 million when the deal closes, reimburse half of Apache’s costs to date for its first three exploration wells, and could pay more depending on further developments.
The U.S. oil producer has largely pulled back internationally to focus on its much-hyped Alpine High field in a remote corner of the Permian Shale basin, the top U.S. shale formation.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Oil group Total to pay $100 million bonus as part of Apache Suriname dealFrench oil company Total said on Monday that it would pay a bonus of $100 millio...
Leer más »
It Was a Total Lack of Planning That Killed Star WarsIt was a total lack of planning that killed this incredibly inconsistent StarWars 'trilogy.' RiseofSkywalker Rey KyloRen Reylo Palpatine RIPStarWars
Leer más »
Oil group Total to pay $100 million bonus as part of Apache Suriname dealFrench oil company Total said on Monday that it would pay a bonus of $100 millio...
Leer más »
NBA roundup: Bucks blast Knicks, tie franchise-best startGiannis Antetokounmpo totaled 22 points, 11 rebounds and 10 assists for his thir...
Leer más »
Exhausted Klopp hails wonderful night for LiverpoolLiverpool manager Juergen Klopp hailed his team's Club World Cup victory ov...
Leer más »