Drilling & production

Aker BP has reported total income of US$723 (785) million and operating profit of US$196 (354) million for 3Q19.

Dragon Oil will invest US$1 billion over five years to boost and extend the production of the oil concessions in Egypt's Gulf of Suez.

The well is located in Armour’s 100% owned PL227, part of the company’s Kincora Project on the Roma Shelf in south west Queensland, Australia.

The contract covers the delivery and installation of subsea equipment.

Petrofac will provide FEED and conceptualisation studies to clients in Oman and Libya.

Under the agreement, Shell will reduce its stake in the discovery from 80% to 50% and continue as operator, while Total will retain the remaining 20%.

Shell Egypt is selling the onshore assets to focus on expanding its offshore gas exploration in the country.

The first cargo of oil from the field is expected to leave for customers in Asia this week, and contain 1 million bbl with a market value of approximately US$60 million.

Since its last report Transocean has added approximately US$75 million in contract backlog, bringing total backlog to US$10.8 billion.

Maersk Viking will be employed by the POSCO International Corporation, a Korean operator, for a three-well campaign offshore Myanmar.

The marketing agreement is for a term of up to 5 years and provides Karoon with access to Shell West’s global marketing and shipping platform.

The online assessment has been designed to reinforce the competency of roustabouts.

Trinity has now completed four new onshore infill wells as part of its H2 drilling programme.

The acquisition includes the the Jumping Pound, Caroline and Waterton gas plants, 29 000 boe/d of production, a partial ownership of the Shantz sulfur plant and 1700 km of pipelines.

Rystad Energy says it is anticipating around 30 to 50 exploration wells will be drilled per year towards 2023.