The company has also announced it is mothballing the Merluza platform.
The latest upstream news
Libya's current oil output is approximately 100 000 bpd, in comparison to 1.2 million bpd before the onset of civil war.
Lloyd's Register conducted a detailed technical study on behalf of the Oil and Gas Authority (OGA) into potential options for decarbonising the offshore energy system.
Celeros Flow Technology is a new name in the upstream arena – but some of its brands will be very familiar. Oilfield Technology caught up with CEO José Larios to find out more.
The Oil and Gas Authority's Energy Integration Project report has found that oil and gas platform electrification is essential to cutting sector production emissions in the near term, and critical to the industry’s social licence to operate.
The fields have cumulative total annual production capacity of 7.7 billion m3 of natural gas and 1 million t of gas condensate.
Will Scargill, Managing Oil & Gas Analyst at GlobalData, says that BP's transition to an integrated energy company will require "significant movements in the M&A market, if it is to be delivered in the targeted timeframe."
The manifesto is intended to help asset owners and operators in the energy and chemicals industry drive top line revenue growth, at significantly less cost.
Francois Laborie, Cognite, US, considers how to optimise the fraccing value chain through open data in a low-priced oil market.
The objective of the well was to prove petroleum in reservoir rocks in the Middle Jurassic (Sleipner Formation) and the Upper Triassic (Skagerrak Formation).
At the centre of the cooperation is the combination of three technologies: APT’s wellsite gas processing and interpretation software package Girasol with FIC’s exclusive access to Fluid Inclusion Technologies’ datasets and Rockwash Geodata’s sample washing and digitisation process.
Oil prices rose on Wednesday on expectation for a significant draw in US crude oil stocks last week, but Covid-19 remains a concern.