Drilling & production

Darren W. Woods, the company's chairman and CEO, made the announcement at the company’s annual investor day at the New York Stock Exchange.

The company recorded an increased profit after tax of US$164 million, compared to US$133 million in 2018.

Empire Energy Group Ltd. has received Northern Territory Government approvals for the drilling of Carpentaria-1.

Drilling of confirmation well 31/5-7 Eos south of the Troll field in the North Sea took place to determine the suitability of the reservoir in the Johansen formation for CO2 storage.

Tendeka will deliver sand screens and FloSure autonomous inflow control devices to Aker BP’s fields on the Norwegian continental shelf.

The Charlie-1 appraisal well on the North Slope of Alaska commenced drilling on 2 March.

The Gamba well DTM-5H was successfully brought online as of 4 March. The second well, DTM-4H, is scheduled to come onstream in the coming week.

The NitroForce drilling motor provides increased power and performance to complete longer laterals faster and with greater control.

Drilling at the BMK-1 well has encountered commercial quantities of gas in both target horizons.

The company will handover its Contract Rehabilitation Area (CRA) in Azerbaijan, currently producing 180 bpd, to SOCAR.

The co-created roadmap will enable the conversion of prior agreed concessions into production sharing agreements under the provisions of the country's Petroleum Law.

The execution of the contract extension will enable Frontera to undertake a workover and well service programme which is expected to return production levels at Block 192 near 8500 bpd in the coming weeks.

The contract has an estimated duration of 21 days and is expected to commence in March 2020, in direct continuation of the rig’s current contract.

The sale of non-core assets is part of a attempt by the government of Angola to privatise key state assets including parts of Sonangol itself by 2022.

The onshore acquisition currently produces at a rate of approximately 700 bpd, generating gross annual revenues of approximately US$15 million.