Triangle has jointly (50/50) completed a Share Purchase Agreement (SPA) with Royal Energy Pty Ltd to acquire the 42.5% balance of the Cliff Head oilfield and associated production facilities from Roc Oil Company Limited.
Drilling & production
Oil prices could touch highs last seen in April when the Organisation of the Petroleum Exporting Countries (Opec) convenes its next meeting in Vienna on 25 May, WisdomTree’s Nizam Hamid has said.
Vitol has announced that oil production has commenced on the Sankofa Oil and Gas Project, which is developing the Sankofa and Gye Nyame group of fields, approximately 60 km offshore Ghana.
More Drilling & production news
The Oil & Gas Technology Centre’s Technology Zone at SPE Offshore Europe 2017 will present a series of technologies used in alternative sectors to encourage the oil and gas industry to think differently about the adoption of new products.
Tendeka, a provider of Oil & Gas completion systems has been awarded additional work scope with Statoil Petroleum in Norway.
The agreement was signed in Sochi in the presence of the President of the Russian Federation, Vladimir Putin, and the Italian Prime Minister, Paolo Gentiloni.
Tullow Oil plc has announced that the Emekuya-1 well in Block 13T, Northern Kenya has encountered around 75 m of net oil pay in two zones.