Drilling & production

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.

TMK provides tubular products for the oil and gas industry.

The agreement entails a new GustoMSC drilling jack-up design which will utilise the modern manufacturing capabilities currently planned for at IMI.

Ghasha is aiming to develop previously undeveloped deposits of gas, oil and gas condensate as part of nine shallow fields in the Arabian Gulf west of Abu Dhabi.

The assets will provide Neptune with an estimated 30 million boe of 2P reserves.

The next step in the campaign is an extensive Drill Stem Test (DST) programme.