The signing bonus for these and other acquisitions amounts to R$116 million, representing less than 1% of the approved investments outlined in the 2024-2028 Strategic Plan, already accounted for in the company's financial forecast.
Spearheaded by the UAE's President, Sultan Al Jaber, the agreement navigated a delicate balance, gaining support from the US and European Union while retaining the cooperation of oil-producing nations, including Saudi Arabia.
While the contract value remains undisclosed, Gate Energy expressed enthusiasm about strengthening its collaboration with HHI and contributing to the first oil production facility in Mexico's deepwater acreage in the Gulf of Mexico
The company will apply its expertise in offshore platform structural analysis, brownfield engineering, and asset life extension to assess the viability of the structure and guide necessary modifications.
The investment will be carried out in three phases between 2023 and 2027. Discovered by Eni in 2021, the Baleine field, located off the east coast of Ivory Coast, is estimated to hold certified reserves of 2.5 billion barrels of oil and 3.3 trillion cubic feet of natural gas.