- MRO has exited Libya; $450 million deal to sail away
- a subsidiary of Paris-based Total will buy MRO's assets in the Waha concessions in Libya (and all the chaos and terrorism that comes with it)
- MRO says it plans to narrow its focus on US shale
- in November, 2015, the company announced it was planning to sell off at least $500 million in traditional exploration assets -- including the majority of its Gulf of Mexico assets
- in March, 2017, MRO also announced deals to exit the higher-cost Canadian oil sands and enter the Permian Basin
- bottom line: 95% of MRO's CAPEX and about 70% of its total production will now be associated with US resource plays, and expanding the margins of these plays in 2018
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The only thing "wrong" with this song: it's too short.
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