Drilling & production - 01 December 2014

Total well encounters light oil and gas in Jurassic and Triassic carbonate reservoirs of Iraq.

Statoil has completed the transaction with Wintershall to farm down in Aasta Hansteen, Asterix and Polarled and exit two assets on the NCS.

Proserv is to provide a 12-well subsea control system and associated topside and subsea interface equipment for the deepwater Stampede development.

NOV Mono versatility demonstrated by effectiveness of offshore application of pump.

Baghdad and Erbil have taken the first step to reconciling relations through a temporary budget payment and oil export agreement.

Transaction to be delayed until the end of May 2015.

Turkmenistan’s current laws do not grant production-sharing rights for onshore blocks to foreign companies.

The well, on the Yamal Peninsula, reaches a total 4200 m in length.

Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, has updated the market with news of progress at its BNG asset.

SBM Offshore has agreed to sell SBM Installer, a diving support and construction vessel, to OS Installer AS for US$150 million in cash.

According to Wood Mackenzie, OPEC’s decision to retain current production undermines potential for near term price recovery.

The Johan Sverdrup partners have agreed to recommend Statoil as operator for all phases of the field.

The fall in oil prices offers a chance to review the costs of energy subsidies.

Oilex Ltd has completed the Cambay-77H production test and downhole data has been sent to a specialist oil and gas consulting company for analysis.