EnQuest PLC has announced an agreement to acquire from BP an initial 25% interest in the Magnus oil field representing c.15.9 million boe of additional net 2P reserves (gross reserves of 63.4 million boe) with net production of 4.2 Mboe/d.
In the market of drilled and uncompleted (DUC) wells, there have been concerns about using frac sleeves in the completion design, then having them reliably open one, two, and almost three years later with repeatable success.
As Oman looks to grow its oil and gas industry, global oil and gas recruitment firm Petroplan is expanding its presence in the Sultanate, working with international operators and service companies to help fill specialist roles.
Owners call for a more progressive approach to engineering information management as a new report lays bare the current state and impact of handover.