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Chile Turns to Equinor-Backed Firm to Boost Natural Gas Output.

Authors :
Attwood, James
Source :
Bloomberg.com; 2/27/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

Chile's state oil and gas company, Enap, has partnered with California-based firm Upwing Energy to increase natural gas production in the country. Enap aims to install compressors in its onshore operations in the Magallanes Basin, which could potentially boost production by 20% to 200% depending on well conditions. This partnership is significant for Enap as Chile heavily relies on imported oil and gas, and increasing domestic hydrocarbon output would help generate revenue and fund investments. Upwing Energy, backed by Norway's Equinor ASA, will be providing its subsurface compressor technology for this project, marking its first contract in South America. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
175703289