The company has announced that drilling at Indico-1 well on the CPO-5 block has reached target depth of 10 604 ft measured depth and has encountered the targeted Lower Sands of the Une formation.
The latest upstream news
The company has announced that following receipt of necessary approvals, the sale of its interests in the Babbage Area to Verus Petroleum SNS Ltd has now completed.
Afoxé discovery is a further confirmation of the oil exploration potential still held in southern part of Block 15/06, previously considered mainly gas prone.
The Ministry of Petroleum and Energy has approved the plan for development and operation of the Troll Phase 3 development.
The company and its licence partners have submitted the report to the Ministry of Petroleum and Energy, with a final investment decision due early in 2019.
Block Energy Plc, the exploration and production company focused on the Republic of Georgia, is pleased to provide an update on its initial work programme focused on achieving a 25 fold increase in production at its Norio oilfield to 250 bpd by H1 2019.
Equinor is stepping up its use of wired drill pipe to acquire subsurface real time data during drilling operations, in line with the corporate digitalisation strategy and to prepare for automated drilling.
As the market eagerly awaits an OPEC+ deal, non-OPEC producers continue to make gains. Sudan and South Sudan are likely to raise crude oil production in 2019, according to ESAI Energy’s recently published Africa Watch.
The Topaz Driller is a Baker Marine Pacific Class 375 jack-up, which was recently mobilised to Cameroon by NewAge as operator for the Etinde license for two appraisal wells and is currently employed in Gabon.
Since May 2017, HydraWell has contributed towards plugging 10 shut-in wells on the original drilling platform (DP) at the Valhall field centre.
The event saw several announcements on exclusive partnerships, product launches and new business strategies for the Asian oil and gas market.