The project involves upgrading the Reactor and Regenerator sections of the FCC Unit at Lukoil’s refinery in Bulgaria. This upgrade will boost the unit’s efficiency, enabling it to process more oil and produce higher-quality products. Additionally, it sets the stage for Lukoil’s future investments in the refinery, positioning the company for long-term success in the industry.

The CLOV Phase 3 Project is an offshore deepwater oil field development in Block 17, approximately 140 km off the Angolan coast. Operated by TotalEnergies, the project includes the installation of a four-well subsea production system connected to the existing CLOV floating production facility. The development is intended to increase oil output by approximately 30,000 barrels per day while maximizing the use of existing offshore infrastructure.

The Whiptail Development Project is an offshore project located in the Stabroek Block, approximately 200 km off the coast of Guyana. The project involves the development of oil resources through up to 10 drill centers, 48 production and injection wells, subsea infrastructure and the new FPSO Jaguar. With an expected production capacity of approximately 250,000 barrels of oil per day, Whiptail aims to increase Guyana’s offshore oil production.