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North Safa is an active conventional oil field situated in shallow waters off the coast of Egypt. Specifically located in the Northeast Ramadan Concession block, the field operates at a water depth of 217 feet. Anticipated to reach peak production by 2026, North Safa’s oil extraction will persist until it reaches its economic limit in 2041, as per economic projections.

The “Modernización Refinería Talara” project involves the refurbishment and modernization of the Talara refinery located in Peru. The project seeks to achieve two key objectives: reducing sulfur content in diesel, gasoline, and LPG fuels to a maximum of 50 ppm and increasing the refinery’s crude processing capacity from 65,000 to 95,000 barrels per day (BPD), allowing for the processing of heavy crude and conversion of residual products into marketable ones.