Significant increase in production rate at Norio wells 44 and 27, moving the combined current production rate at the Norio and Satskhenisi fields towards 60 bpd, a four-fold increase.
According to Rystad Energy, this turnaround is made possible by the continued rise in oil production from US shale plays and the increased oil export capacity from the Gulf Coast.
The company has extended its concessions for the Ras Budran and Zeit Bay oilfields in the Gulf of Suez.
The center deploys the latest mechanical engineering expertise to build more durable motors that drill faster and allow for longer runs with a higher rate of penetration.
Following execution of term sheet on L15, as announced on 31 December 2018, a wholly owned subsidiary of Doriemus has now executed the Farmout Agreement with a wholly owned subsidiary of Rey Resources Limited.
The company has provided an update on operations following the end of the first half of its 2018-2019 financial year which ended on 31 January 2019.
Pentag Gears and Oilfield Equipment Ltd, a designer and manufacturer of gearing and machinery, has completed the delivery of its 35th beam pump for Wytch Farm oilfield in Dorset.
After activity levels fell to only 240 subsea trees installed globally in 2017 – the lowest level since the turn of the century – Rystad Energy forecasts that over 350 subsea trees will be installed per year by 2021.
The company has announced that drilling operations have commenced on well 20/05b-14 on UK Seaward Licence P2170, Blocks 20/5b & 21/1d using the semi-submersible rig West Phoenix.
The ProTension™ STT is ideally suited for oil wells that will eventually require artificial lift.
The company has announced that approval has been given by the Kurdistan Regional Government regarding the acquisition of stakes from Chevron in the Sarta and Qara Dagh blocks, in the Kurdistan Region of Iraq.
This will complete the sale of Weatherford's land drilling operations in Algeria to ADES International Holding PLC.
The drilling programme includes the development of the Luno II field and the Rolvsnes discovery in the Norwegian North Sea, with contract commencement expected in Q2 2020.
Automatic Top Up Units (ATUs) enable the automatic refilling or topping up of Plan 53B barrier systems which maintain a constant barrier fluid supply through the seal system to the pump shaft seal, preventing leakage of the process fluid to atmosphere.
The AIM listed oil and gas company has provided an update regarding its Austin Field property in Texas.