VAALCO Energy, Inc. have announced that the workover operations on the Avouma 2H well are complete and replacement of the Electrical Submersible Pump (ESP) system was conducted safely and efficiently with no injuries or environmental incidents.
Tap Oil Limited (Tap Oil or the Company) provides the following update on drilling activities at the Manora Oil Field in the G1/48 concession, located in the Gulf of Thailand (Tap Oil 30% interest). Mubadala Petroleum (Thailand) Ltd is the operator of the G1/48 concession.
Diamond Offshore Drilling have extended the exclusive license for Trelleborg’s offshore operation to this patented technology until 2029.
Marketed utilisation rates would also rebound to 89% by 2020, surpassing rates seen during the heydays before the downturn.