Drilling & production - 08 February 2018

Further to the announcement on 27 December 2017, the completion of flow testing at its 100% owned Broadford Bridge-1z exploration discovery is now expected during February 2018.

Comet Ridge Limited has provided an operational update on the progress of the Mira Pilot Scheme in the Mahalo Block in central Queensland.

Effective immediately, the contract is for two years with three one-year extension options, and includes the provision of rigging and scaffolding services on the facility, currently operating in the Pierce field.

Phase 1 of the Johan Sverdrup project continues to progress according to plan and is now close to 70% complete.

Over US$54 billion will be spent on Brazil’s upstream oil & gas capital expenditure to 2020, says GlobalData.