Drilling & production - 27 May 2016

President's current normalised production from its Puesto Guardian Concession is running at a daily rate of over 500 bpd with a new workover programme underway.

Real Energy Corp. Ltd announced the completion of the five-stage fracture stimulation program of Tamarama – 1 well at depth below 2300 m.

Genel Energy plc has announced from DNO ASA, as operator of the Tawke field, that the Tawke field partners have received a payment of US$16 million from the Kurdistan Regional Government.

The company plans to offer strategic advisory expertise for decom operations so operators - or their financiers - can be confident that their projections are robust.

Figures show that the company’s consolidated revenues are up from the 4Q15.

Det norske oljeselskap AS, operator of production licence 001 B, has concluded the drilling of appraisal wells 16/1-26 S and 16/1-26 A.

3D printing technology to be utilised to print metal parts and materials. New advanced manufacturing techniques will use robotics to optimise plant and accelerate cycle times.