$800M drilling contract: AOI AOI:
TotalEnergies has launched a bid process for a contract set to be worth more than $800 million to secure development drilling on Venus which contains at least 5B bbl coveted light sweet crude currently pulling $100 bbl.
The move fast-tracks exploitation of its multi-billion-barrel deep-water oil and gas find on the prolific Orange basin.
These guys will pull 200K+ bbl day off a $1B expenditure for decades while VLE will spend well over $1B for 100K bbl day that might last 3 years.