Daniel Rogers, Upstream Oil & Gas Analyst at GlobalData, a leading data and analytics company, estimates the deal could be worth approximately US$2.4 billion and offers his insight on the transaction:
“There is no point in reinventing the wheel” according to Danny Constantinis (Executive Chairman) of EM&I
Total oil production from the 2018 EWT has reached 13 920 bbls, approximately 2.21 million litres, with gross oil sales of approximately US$1.1 million.
The Vaca Muerta Shale Basin in Argentina is the only unconventional play outside of North America where activity has already made the transition from exploration to full-scale development.
The company, which currently owns 13 oil leases, has successfully started production at its Potts lease, Indiana. This means the company has now been officially classified as an operator by the state’s Department of Natural Resources (DNR).
Rental systems are currently available in the Ohio and Houston markets and will be available in California beginning January 1, 2019.
International Frontier Resources Corporation has announced that Tonalli Energia, IFR’s joint venture (JV) with Mexican petrochemical leader Grupo IDESA, has spudded the first conventional horizontal well, (“TEC-11”), at its onshore Tecolutla block.
The company has been awarded the FEED contract for Gudrun Phase 2 Water Injection. The contract with Equinor also includes an option for the actual implementation (EPCI).
The company has provided an operational update for its interests in the North Sea.
The company has announced an oil discovery at its 9/14a-17B well and associated side-track on the Agar-Plantain Prospect.
Leading international oilfield services company, Expro, has strengthened the opening of its new purpose-built facilities in Baku, winning a four-year contract extension for BP’s Shah Deniz Stage 2 project.
BiSN, the global leader in innovative metal-to-metal downhole sealing solutions, is celebrating multiple ground-breaking firsts for the business.
Middle Eastern oil production is expected to grow by 2.7 million bpd by 2025, according to latest Rystad Energy analysis.
The single-bore well with horizontal completion was drilled from a jack-up rig.
Concert well testing performance real-time technology delivers actionable information for better decision making and safer operations.