Exxon Tries to Put the Worst Behind it With $20 Billion Writedown
By Jennifer Hiller HOUSTON, Nov 30 (Reuters) – Exxon Mobil Corp on Monday said it would write down the value of natural gas properties by $17 billion to $20 billion,...
Lundin Petroleum announced today that they have spudded in at the Gohta Prospect located approximately 150 km northwest of the northern tip of Norway in the Barents Sea. Lundin has contracted the Transocean Arctic semisubmersible drilling rig at a rate of $426,000 per day in a quest to find hydrocarbon resources of up to 108 million barrels of oil equivalent (MMboe) in the Gohta Snadd prospect and 118 MMboe in the Gohta Karst prospect.
The planned total depth is 2,429 metres below mean sea level and drilling is expected to take approximately 65 days.
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