Drilling & production

The well will be drilled from the Scarabeo 8 drilling facility.

The company has signed a major Engineering, Procurement, and Construction contract by Middle East Oil Refinery for the modernisation and expansion of their existing complex near Alexandria, Egypt.

The Consortium has announced that it has entered into a Share Purchase Agreement to acquire a 50% ownership interest in Petrobras Oil and Gas B.V.

Malaysian oil and gas leader Sofiyan Yahya will encourage industry to review investment in ‘front line’ safety practices at a global conference in Kuala Lumpur on 7 November.

Recent analysis projects a 2019 recovery in oil demand from quite slow growth in 2018 due to weak demand in China and demand contractions in the Middle East and Latin America.

First wellhead production agreement delivers on ADNOC’s UAE in-country value commitment.

The commerciality of India’s deepwater and ultra-deepwater developments has been positively affected by the continuing low costs in the service sector.

The Norwegian Petroleum Directorate has granted Faroe Petroleum Norge AS a drilling permit for well 31/7-3 S, cf. Section 15 of the Resource Management Regulations.

Crude delivered by rail from the Bakken is expected to grow from an average of 230 000 bpd this year to about 300 000 bpd in 2019 as production growth fills available pipeline capacity.

Triangle’s Managing Director Mr Rob Towner said the farmin to the Mt Horner L7 Production Licence further demonstrates the company’s strategy of growth in the Perth Basin.

Equinor and the Johan Sverdrup licence have awarded a jacket contract for the processing platform for Johan Sverdrup phase 2 to Kværner. The contract value is around NOK 900 million.

The company has received follow-up orders from its contract partner, the Norwegian service company Aibel, that are to tie in with phase 1 of the Johan Sverdrup oil field project.

The Petroleum Safety Authority have given Equinor Energy AS consent for exploration drilling of well 36/1-3.

Total E & P Norge AS has received consent to use Skirne and Byggve beyond the originally planned operational life.

A new gas module has been put on stream on Troll B, boosting the oil production and processing capacity on the Troll field.