Drilling & production

Serenity provides i3 with exposure to low cost and potentially high return upside that could be tied in to either its Liberator Phase I or incremental Phase II infrastructure.

Adrian Lara, Senior Oil and Gas Analyst at GlobalData, offers his view on the impact on the upstream sector.

Three of Highlands’ projects are now revenue generating. The expansion of East Denver to eight producing wells by the end of this year is expected to deliver sufficient cash flow to cover overhead costs for 2019.

The company, together with partners Esso Exploration and Production UK Limited and Arco British Limited, LLC, has announced the final investment decision for a Shearwater gas infrastructure hub in the central North Sea.

The Norwegian Petroleum Directorate has granted Wellesley Petroleum AS a drilling permit for well 35/4-2, cf. Section 15 of the Resource Management Regulations.

Eni Oman BV in partnership with Oman Oil Company Exploration and Production has awarded Shearwater GeoServices a seismic survey in Block 52, offshore Oman.

The Norwegian Petroleum Directorate has granted Equinor Energy AS a drilling permit for well 36/1-3, cf. Section 15 of the Resource Management Regulations.

The ramp-up of Vandumbu will lead to a total production of about 170 000 bpd.

Vår Energi is the largest independent exploration and production company on the Norwegian continental shelf, with a net production rate of more than 170 000 boe/d in 2018.

The contract will create two new roles (a customer support engineer and a technical advisor) and will also increase the service engineer team by 10%.

The company has signed a service agreement for the provision of an advanced downhole perforation technology with a proven record of significantly enhancing recovery rates.

The company has announced that drilling at Indico-1 well on the CPO-5 block has reached target depth of 10 604 ft measured depth and has encountered the targeted Lower Sands of the Une formation.

The independent operator has recently completed three significant acquisitions; an interest in the Babbage gas field acquired from Premier Oil on 6 December.

The TE-10 well will test the North East Lakbir prospect in the Company's Greater Tendrara permit, and is located approximately 25 km to the northeast of the recently awarded Tendrara production concession.

The Paus Biru-1 exploration well has resulted in a gas discovery.