The divestiture is a result of a Competition Tribunal ruling in favor of the Commissioner of Competition's challenge to Secure's acquisition of Tervita, citing concerns about diminished competition in 136 relevant markets.

The plant processes gas from offshore fields on the UK Continental Shelf. Following the failure, the plant was shut down, and an investigation was initiated.

The acquisition is contingent upon customary conditions, including regulatory approvals.

This collaboration involves utilizing TotalEnergies' Airborne Ultralight Spectrometer for Environmental Applications (AUSEA) technology, a drone-mounted gas analyzer.

The Plataforma Deltana region is divided into five blocks, extending into the waters of Trinidad and Tobago.

Under the agreement, Cory commits to exclusive cooperation with the Viking CCS project, focusing on exploring the potential transportation and storage of captured CO2 into the Viking CO2 transportation and storage project through ABP's Port of Immingham.

The oil and gas operations had been temporarily halted after an incident in July 2023 involving the floating storage and offloading vessel (FSO) at the field.

This plea was communicated through a letter dated December 6, emphasizing the need to proactively oppose any text or formula singling out energy sources, particularly fossil fuels.

The estimated combined gross recoverable resource of 20-30 million barrels of oil equivalent is anticipated to commence production ahead of schedule by the end of 2023

The drilling initiative is part of the Azeri-Chirag-Deepwater Gunashli (ACG) field development project.