Drilling & production - 21 June 2016

ABB and Industry Technology Facilitator (ITF) are launching an industry project to reduce OPEX spend during late life and decommissioning phases.

Otto Energy has announced the successful farm out of a 25% participating interest in the upcoming Kito-1 Well in Kilosa-Kilombero Licence.

The Norwegian Petroleum Directorate has granted Faroe Petroleum Norge AS a drilling permit for well 31/7-1 A.

The company now owns 100% of the licence and is the licence operator.

Genel Energy has reported that the Tawke field partners have received a payment of US$15 million.

FasTrac programme for strategic gas development in Mediterranean region