Atlas Oranto Petroleum is expecting to be investing close to US$350 million on pooling supply from stranded gas fields in Equatorial Guinea and the Gulf of Guinea.
The company has been informed of a successful drilling result and oil discovery at the Burnett 2B well in California, following on from the successful Burnett 2A well result announced on 11 March 2019.
The aim of partnership is to enable GA Drilling to successfully deliver its first commercial application for Oil & Gas industry.
The Company also provides an update on the repayment of funds owed to AAOG by Société Nationale des Pétroles du Congo ('SNPC'), the Congolese national oil company.
The company has entered into a joint venture with Talos Energy which will see it earn a 16.67% working interest in the Green Canyon 21 lease in the Gulf Mexico.
EIA’s Annual Energy Outlook 2019 (AEO2019) Reference case projects that U.S. tight oil production will continue to increase through 2030, ultimately reaching more than 10 million bpd in the early 2030s.
The provider of operational efficiency and risk management services has sustained notable year-over-year growth with a 40% increase in installed customer sites.
The oil discovery was made in the second exploratory well H2, located in the block KG-OSN-2009/3.
The Latin American focused upstream oil and gas company has provided an update on production during 2018.
The Solveig oil discovery in PL359, is located 15 km south of the Edvard Grieg field and will be developed via a subsea tie-back to the Edvard Grieg platform.
The new facility will be used for large scale fabrication of offshore platforms and onshore/offshore modules.
The Malaysian oil and gas services company declared net profits of US$123.01 million for the quarter ended 31 January 2019.
The company has announced that Rathlin Energy (UK) Limited has signed a rig contract for the drilling of the West Newton appraisal well, expected to spud in April 2019.
These contracts, with a combined value of approximately US$54M, are for drilling operations in the Middle East, Russia, Europe and Africa.
Operations have paused due to severe weather conditions related to tropical cyclone Veronica.