The project is expected to reach its peak production of approximately 72 800 bpd in 2022.
The latest upstream news
The West Erregulla 3 well is located in the Perth Basin, onshore West Australia.
Oil prices are falling today in response to a combination of supply-demand bearish news.
The well was drilled about 75 km north of the Gjøa field in the North Sea and 60 km northwest of Florø.
Maersk Drilling estimates that about half the target can be achieved via further efficiency gains and known technical solutions and concepts, while the other half will be facilitated by investments in innovation in this space.
Oil prices declined today as the market is correcting the exaggerated price levels reached in yesterday’s session. Meanwhile, Covid-19 demand concerns and US supply return.
The drilling programme for well 34/7-37 S concerns the drilling of a wildcat well in production licence 089.
ADM Energy PLC has formally submitted a bid with the Nigerian Department of Petroleum Resources (DPR) for a marginal field in the 2020 Marginal Field Bid Round.
The preliminary evaluation of the well results indicates that the Great Nooros Area gas in place can be estimated in excess of 4 trillion ft3.
The company has confirmed that it has been in discussions with a number of third parties, including Chrysaor, regarding alternative forms of transactions to secure the long-term refinancing of the Group’s debt facilities.