PGNiG Upstream Norway and its partners decided to move to the select phase of the project, during which key technical decisions regarding the field development will be made.
Currently, Israel’s remaining recoverable gas reserves are estimated to be around 26.2 trillion ft3.
The deal relates to four exploration blocks: Putumayo-9, Terecay, Tacacho and Mecaya in the Putumayo region, southern Colombia.
The oilfield in Surrey, UK, had produced 50 000 bbl of light, sweet, dry oil as at close of business on 7 June.
The Ministry of Energy and Mines of the Dominican Republic, in partnership with Wood Mackenzie, has announced its first licensing round is to open at an event in Houston on 10 July 2019.
The combined flow from both wells during a 72-hour production test earlier this week reached and maintained the planned production rate of 20 000 bpd.
The Marine XII license covering 571 km2 is located on the continental shelf of the Republic of Congo 20 km from the shore with the sea depth of 20 - 90 m.
Rystad Energy is raising its forecast for US crude output to 13.4 million bpd by December 2019.
As part of the agreement, Sonangol, Angola’s state oil company, will receive a 10% equity interest.
IHS Markit expects average y/y supply additions to be below 100 000 bpd in the coming decade.
The discovery was made at Gladden Deep in Mississippi Canyon block 800.
Gene Sweeney returns to Cudd after leading BP’s global well control team for the past seven years.
PGNiG Upstream Norway holds an 11.92% interest in the Ærfugl project in the Norwegian Sea. The operator is Aker BP, while the other partners are Equinor Energy and Wintershall DEA.
Expro, an international oilfield services company, has been awarded a multi-million dollar contract for Hindustan Oil Exploration Company Ltd in Mumbai, India.
Rystad Energy forecasts that 2019 production will average 1.95 million bpd, with some months potentially touching the 2 million bpd ceiling.