The country's Ministry of Mines and Hydrocarbons is expecting direct investment of a minimum of US$1.4 billion; a firm US$1.2 billion and a contingent forecast of US$273 million predicted for 2020, associated with the drilling of two wells and the continuous development of six existing wells.
The production of oil from Layang is estimated at approximately 3000 bpd, and an estimated 10 000 boe/d with natural gas combined.
The contract work includes drilling operations, work-over campaigns, P&A activities and all preventative and corrective maintenance of ConocoPhillips’ drilling facilities on three offshore platforms in the Greater Ekofisk Area.
The progress into the Pikka field’s FEED phase is subject to approval from joint venture partners and the finalisation of required third-party agreements.
Re-evaluation of data and core analysis indicates a material upgrade in liquid hydrocarbons contained in the Kirkham Abbey reservoir in the West Newton project area. The Upside Case estimates are liquids 283 million bbl and gas 265.9 billion ft3.
The contract for the semi-submersible rig Maersk Discoverer has an estimated duration of 322 days and is expected to commence in July 2020.
The project is located in the Gulf of Thailand and comprises a new bridge-linked wellhead platform structure along with the retrofitting of extension structures to the existing platforms.
Three appraisal wells drilled this year, GTA-1, Yakaar-2 and Orca-1, targeted a total of nine hydrocarbon-bearing zones. The wells encountered gas in high quality reservoirs in all nine zones.
The three-year contract will support both onshore and offshore activity for BP operated projects in the Caspian Sea area including Azeri-Chirag-Gunashli (ACG), Shah Deniz, Baku-Tbilisi-Ceyhan (BTC), South Caucasus Pipeline (SCP) and Western Route Export Pipeline (WREP).
The contract is expected to commence in 2Q20 and will contribute approximately US$91 million of contract backlog, excluding mobilisation reimbursement.
The partnership will enable the E&P industry to build and deploy their own artificial intelligence (AI) solutions across the full breadth of their upstream workflows.
The Acquired Assets produced approximately 19 thousand barrels of oil equivalent per day (MBoe/d) during 3Q19.
In Houston, READ now operates from a 9000 ft2 facility in a highly accessible area of the city, comprising offices, a technical workshop, a laboratory and warehouse storage, while the company has relocated to a new and improved customer support office in Anchorage.
The Trident XIV Jack-up rig is undertaking workover operations offshore Nigeria.
The agreement between ERU and PGNiG provides for joint operations on a licence located in the Lviv region, which is close to the Polish border.