Oil Plus Ltd, a specialist global oil and gas consultancy has secured contracts worth more than US$1.5 million over the past three months and has significantly expanded its footprint in the Middle East.
Petróleo Brasileiro S.A.’s (Petrobras) liquids production is expected to grow to 2.7 million bpd by 2021.
Aker BP ASA, operator of production licence 790, has concluded the drilling of wildcat well 34/2-5 S. The well is dry.
Unit costs up 2% whilst operating cashflow rebounds and balance sheets strengthen.
The major workover programme follows the success of the four well workover programme conducted in Q4 2017
The well was drilled to the depth of 710 m RT (below Rotary Table) and surface casing was run and cemented to 708 m RT.
The contract is for the provision of drilling operations, maintenance services and engineering support for the Oseberg and Kvitebjørn fields.
Echo Energy plc, the Latin American focused upstream oil and gas company, has announced gas to surface on the first well of our three well workover campaign at the Company's Fracción D asset, onshore Argentina.
Managed Pressure Drilling (MPD) is an adaptive drilling process that allows greater control of the annular pressure profile throughout the wellbore.
The collapse of the Venezuelan economy has been fed by a continuing drop in crude oil production. The country’s annual production has gone from an estimated 2.86 million bpd in 2010 to 2.07 million bpd in 2017.
Lundin Petroleum AB (Lundin Petroleum) has announced that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has commenced drilling well 7220/11-5 on the Alta discovery in PL609 in the southern Barents Sea. Following drilling, the well will be used for extended well testing.
SDX Energy Inc., the North Africa focused oil and gas company, has announced that a gas discovery has been made at its Ibn Yunus-1X exploration well at South Disouq, Egypt (SDX 55% working interest and operator).
International Frontier Resources Corporation has announced that in partnership with Mexican petrochemical leader Grupo IDESA, Tonalli Energia has spudded its first evaluation well, TEC-10, at its onshore Tecolutla block.
Tendeka will supply its specialist FloSure Elite sand screens with its FloSure autonomous inflow control devices (AICDs) and zonal isolation products for two developments in the country.
Sapura Energy Berhad has announced that its wholly-owned subsidiary, Sapura Exploration and Production (Sarawak) Inc. and its partners, PETRONAS Carigali Sdn Bhd and Sarawak Shell Berhad, have taken Final Investment Decision (FID) to develop the Gorek, Larak and Bakong fields as phase 1 in the SK408 Production Sharing Contract.