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Stock Market & Financial Investment News

News For GIB;STO From The Last 14 Days
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February 27, 2015
09:47 EDTSTOStatoil submits Peregrino phase II development plan
Following the sanction of the Peregrino phase 2 project in December, Statoil together with its partner Sinochem submitted the plan of development to the National Agency of Petroleum, Natural Gas and Biofuels in Rio de Janeiro on January 30. The project entails a new well head platform and drilling rig and adds approximately 250M barrels in recoverable resources to Peregrino field. The project entails investments of approximately $3.5B. The Peregrino field has a good track record, with more than 90M barrels produced since first oil in April 2011. Based on the current plan, Peregrino Phase II is expected to start production towards the end of the decade, but Statoil will make adjustments to the schedule should that be necessary. The current solution consists of a wellhead platform with a drilling unit tied-back to the existing FPSO Peregrino. The facilities contains standalone power generation and will export power to WHP-A. A total of 21 wells -- 15 oil producers and 6 water injectors -- are planned to be drilled as part of the Phase II development. The expected recoverable resources from the Phase II development within the concession period until end of 2040 are 250M barrels.
February 26, 2015
07:39 EDTGIBCGI Group awarded contract extension with Airbus Group
CGI has renewed a contract with Airbus Group for the support of the Group's global human resources system. Under the terms of this three-year, multi-million euro contract, CGI will provide IT support for all Airbus Group HR applications, which are used by close to 120,000 employees worldwide in four languages.
February 19, 2015
13:44 EDTGIBCGI Group awarded $121M contract by CalSTRS
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