Zenith Energy was granted a three-month exclusivity period starting in January 2023 to finalize the terms of the PSC.

Originally expected to be completed within 90 days, the deal was announced on January 17.

The FPSO Maria Quitéria will be stationed at the Parque das Baleias integrated project, situated in the Petrobras-operated Jubarte field within the northern Campos Basin.

The well reached a total depth of 10,021 feet, making it one of the deepest wells drilled in recent times in the Palo Seco area.

OMV Petrom, South-Eastern Europe's integrated energy company and the project's operator, described it as Romania's first deepwater endeavor and "the largest natural gas project" in the Romanian area of the Black Sea.

TotalEnergies, in partnership with the State Oil Company of the Republic of Azerbaijan, has reached an agreement to divest a 15% participating interest each in the Absheron gas field to Abu Dhabi National Oil Company.

. The company secured a 100-day contract with a TotalEnergies affiliate for the drillship in March 2023, and the campaign officially began in the second quarter of the same year.

Despite a surge in spending on conventional oil and gas exploration, operators are facing disappointing results in terms of discovered volumes, according to research by Rystad Energy.

The contract will utilize Valaris' VALARIS DS-7 drillship and is expected to last approximately 850 days, commencing in the second quarter of 2024.

These licenses were jointly held with Capricorn Energy PLC, but after Capricorn's formal decision to withdraw from them the joint venture plans to relinquish the licenses at the earliest opportunity, according to Deltic's statement.