Drilling & production

Jadestone Energy Inc. is pleased to provide an update on production and hedging for the Montara asset, located offshore Australia (Jadestone 100%).

The company’s wholly-owned subsidiary Lundin Norway AS has entered into an agreement with Lime Petroleum AS to acquire its entire Utsira High acreage position covering the Rolvsnes and Goddo basement area.

Aberdeen-based energy services firm, Ardyne Technologies, is set to enter a new phase of growth after receiving a major funding package from Clydesdale and Yorkshire Bank.

Europa has a 30% working interest in licence PEDL 180 in the East Midlands which holds the Wressle oil discovery, alongside Egdon (operator, 30%), Union Jack Oil (27.5%), and Humber Oil & Gas Limited (12.5%).

In a major shift, the United States is set to produce more oil and liquids than Russia and Saudi Arabia combined by 2025.

Total’s Egina field, located 150 km (93 mi) off Port Harcourt, kicked into production just as 2018 was winding to a close.

The company has launched a new production well in the Vandumbu field, about 350 km north-west of Luanda and 130 km west of Soyo, in the West Hub of Block 15/06, in Angola’s offshore.

The company now holds an operated 95% direct interest in the licence which contains the Arreton oil discovery and the Arreton South exploration prospect.

The 85 upstream projects up for Final Investment Decisions (FIDs) in 2019 include 75 greenfield developments, with approximately 42 billion boe of resources and 10 expansion phases.

The company previously announced the award of three long-term contracts in the MENA region.

The London-listed company gears up to a year of promising prospects in two assets of their portfolio.

Block Energy Plc, the exploration and production company focused on the Republic of Georgia, is pleased to announce that sidetracking operations from the existing 16a wellbore ('16a' or 'the Well') on the West Rustavi field ('West Rustavi') have commenced.

The company has reached agreement to acquire stakes in the Chevron operated Sarta and Qara Dagh blocks, in the Kurdistan Region of Iraq.

The company has announced first oil from the Van Gogh infill project, marking the successful completion of the two-well programme that will increase production from the field.

Specialist oil and gas consultancy, Oil Plus, has secured contracts worth more than US$4 million (£3.14 million) in the last three months.