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The project is looking to take fossil fuels from the Okavango Delta in Botswana and Namibia
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Oil and Gas Authority says response to latest round was greater than earlier Offshore Licensing Round
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The find would boost the country’s existing reserves of 150 billion barrel by a third
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He helped steer the oil giant back following the 2010 Deepwater Horizon which brought the company close to collapse
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It will be active in the exploration and development of oil and natural gas projects only in the US
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The territory extends from the shoreline to around 215 kilometres offshore, with depths of up to 4,000 metres at points
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It is expected to help unlock new investment and technology and more exploration activity
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The government intends to make the fund less vulnerable to a permanent drop in oil prices
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Work under the contract has been suspended since 2014
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This figure totals almost as many wells as it has drilled since the company was established in 1972
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The carbon dioxide will primarily be used by the oil and gas industry to extract underground oil deposits from depleted wells
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They were protesting the energy giant’s plans to drill in the mouth of the Amazon and French Guiana
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