Drilling & production

Petrofac has strengthened its global well engineering contracts portfolio following a series of award wins worth a combined value of around US$20 million.

Independent Oil and Gas plc (IOG) has confirmed that the funding of its 100% owned and operated Harvey appraisal well has now closed, with terms as announced on 17 August 2018.

Petrobras has awarded Zentech a three-year contract, with the option to extend in the future.

This drilling system will be used for oil and gas drilling activities in shallow to medium water depths all around Asia, particularly the South China Sea.

Gas from the field is sold into the national grid run by Transgaz at the Romanian market prices of circa €6/thousand m3.

Jonathan Markham, Oil & Gas Analyst at GlobalData, offers his view on the key aspects of this transaction.

In February, US crude oil production exceeded that of Saudi Arabia for the first time in more than two decades. In June and August, the US surpassed Russia in crude oil production for the first time since February 1999.

The company has announced that its Mexican subsidiary, IEnova has signed a long-term contract with British Petroleum for the remaining 50% of the initial capacity of the proposed Baja Refinados liquid fuels marine terminal in Baja California, Mexico.

The company has successfully supplied three ProSalt™ units to Equinor for the Johan Castberg field development project.

The company has been awarded a 2017 American Equity Underwriters, Inc. Safety Award for its strong commitment to safety in the workplace.

The parties have agreed to continue negotiations on an exclusive basis, with a view to forming a strategic partnership.

The company has announced that the fifth well in its current Niger drilling campaign was spudded on 8 September 2018.

Senex Energy Limited and GLNG have agreed separate gas sales arrangements to progress an initial development area of the Western Surat Gas Project (Roma North), paving the way for a Final Investment Decision of an initial 16 TJ/d gas development, with expansion potential.

The Norwegian Petroleum Directorate has granted Equinor Energy AS a drilling permit for well 6407/11-1, cf. Section 15 of the Resource Management Regulations.

Zohr is now producing 2 billion ft³d only a few months after the first gas in December 2017 and 1 year before the schedule of the PoD.