Drilling & production

Planned 2020 CAPEX on the company's UK producing assets is expected to be below US$45 million, reduced from the original forecast of US$65 million.

The contract, which is to provide four annular injection mixers for a gathering and separation plant, was signed earlier last month.

The ARO-2003 (SAR201) jack-up rig has been repaired and overhauled for ARO Drilling.

The company will reduce planned investments for 2020 from US$12 billion to US$8.5 billion.

Eni will reduce CAPEX in 2020 by around €2 billion, equal to 25% of the total CAPEX planned, and OPEX by around €400 million.

Origin Energy has temporarily paused shale exploration drilling activities at its Kyalla well site in Australia's Northern Territory in response to the Covid-19 pandemic.

Rystad Energy expects many projects to be delayed, causing the continent’s expected liquids production to decline for most of this decade and energy-reliant state budgets to take significant hits.

The well was brought onto production on 21 March 2020 at an initial flow rate of approximately 2200 gross bpd.

The study will focus on the development of high CO2 gas fields in Malaysia, which are currently assumed to be difficult to develop from an economical point of view due to associated CO2 management costs.

The company's total net oil and gas production in 2019 amounted to 506.5 million boe, exceeding 500 million boe for the first time.

The reductions include a US$2 billion decrease in spending in upstream unconventionals, primarily in the Permian Basin.

The drilling of Perseverance #1, the company's first exploration well in The Bahamas, has been suspended by the Covid-19 pandemic.

The company will significantly reduce spending this year below its original US$1.2 billion budget.

The oilfield services company is anticipating a rapid reduction in active drilling and hydraulic fracturing activity.

The Maersk Venturer drillship has been working for Tullow offshore Ghana.