Oil production in March was 0.7% lower than the Norwegian Petroleum Directorate’s forecast, and 0.2% lower than the forecast so far this year.
Drilling & production
York started production in 2013 and was planned to produce until 2020, but production has been extended until 2023/24.
Gas is being delivered to eastern Australia with the commissioning of the Gippsland Basin Joint Venture’s West Barracouta project.
More Drilling & production news
Penspen has been chosen to provide the procurement and construction of flowlines and wellhead installations for 51 wells in ADNOC Onshore’s oilfields at Shah, Qusahwira and Mender in Abu Dhabi, UAE.
The Lake Albert development encompasses the Tilenga and Kingfisher upstream oil projects in Uganda and the construction of the East African Crude Oil Pipeline (EACOP) in Uganda and Tanzania.
A series of tests were successfully performed on a Weatherford test rig in Houston, US, to demonstrate and verify the integration and functionality of the managed pressure drilling and automated well control technology.
The sale consists of approximately 78 700 net acres located in the Little Knife and Murphy Creek acreage interests in the Bakken in North Dakota, US.
Enverus' summary of 1Q21 US upstream M&A activity shows US$3.4 billion in deal value was transacted during the quarter – an 88% decline from 4Q20.