Drilling & production

The SK408 gas fields are part of discoveries made by SapuraOMV Upstream in a drilling campaign in 2014.

The contract is expected to commence in August 2020 and run through April 2022 with an option to extend.

Lundin Petroleum’s 2P reserves as at 31 December 2019 are 693.3 million boe and reflect a positive revision of 52.1 million boe, excluding asset transactions.

Maersk Drilling has been awarded a contract for the 7th generation drillship Maersk Valiant, which will be employed by Noble Energy for a one-well campaign offshore Colombia.

The contract requires the company to drill a series of onshore directional wells, with target depths in the 3000 m range.

From 1 May, foreign firms registered in China with net assets of 300 million yuan (US$43 million) will be allowed to take part in oil and gas exploration and production.

Ahead of any new exploration and drilling the government of South Sudan has committed to conducting an environmental audit.

Mexico's President Andres Manuel Lopez Obrador made the announcement at a press conference this week.

The licences to be sold to RDG GmbH contribute about 1000 boe/d to Wintershall Dea’s production, approximately 2% of the company's daily production in Germany.

With the approval of the EIA, Strata-X has the clearance to drill and test up to 75 additional wells covering 3 prospecting licenses within the high-grade area of the Botswana CBM fairway.

Based on extensive mapping of the underground the remaining potential of the Statfjord area is still considerable, according to Equinor and its partners.

Wintershall Dea Norge AS, operator of production licence 894, is in the process of concluding the drilling of wildcat well 6604/6-1 in the Norwegian Sea, according to the Norwegian Petroleum Directorate.

The company has said it achieved an estimated 2019 total CAPEX of US$300 million and OPEX (ex-lease costs) of US$11/boe, both below original guidance.

Formal technical environmental approval for the development of the Selva Malvezzi Gas-Field (Selva) in northern Italy has been received from the Italian Environment Ministry.

The Baker Hughes US land rig count declined by 49 rigs from the week ending 4 October 2019 through the week ending 27 December 2019, a greater decline than what the company expected.