Drilling & production

Rystad Energy estimates that liquid resources from mature assets grew 151 billion barrels over the last four years, which is almost 17% more than the amount produced in those years.

UK Oil & Gas Investments PLC has been informed by its 100% owned subsidiary Kimmeridge Oil & Gas Limited (KOGL) that Oil and Gas Authority consent for flow testing its Broadford Bridge-1/1z (BB-1/1z) oil discovery has been extended to the end of March 2018. 

With an East Coast gas crisis looming, a significant new gas field has just been proved up in Central Queensland and could prove invaluable in helping to alleviate a forecast domestic market shortfall of about 50 Petajoules (PJ) a year.

McDermott International, Inc. has been awarded a detailed engineering and long lead procurement services contract from BP Trinidad & Tobago, LLC (bpTT) for the Cassia C Compression Platform, located 40 miles (65 km) off the southeast coast of Trinidad and Tobago.

The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway AS a drilling permit for well 7220/11-5 S, cf. Section 15 of the Resource Management Regulations.

Statoil and its partners have contracted the West Phoenix rig for exploration drilling on the UK and Norwegian continental shelves from the summer of 2018.

SDX Energy Inc., the North Africa focused oil and gas company, has spud its SAH-2 development well on the Sebou permit in Morocco.

TAG Oil Ltd. has provided the following update with respect to TAG Oil’s operated Pukatea-1 exploration well located in the Puka permit (PEP 51135, 70% TAG Oil) in the Taranaki Basin of New Zealand.

Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, is has announced that the Saipem 12000, a sixth generation ultra-deepwater drillship, has commenced its mobilisation to drill the RD-1 well on the Rabat Deep Permits in Morocco.

NETZSCH’s Multiple Screw Pumps are designed to handle difficult media, including low to high lubricant fluids, and low to high viscosity, shear sensitive, or chemically aggressive media.

The Aberdeen-based company has launched Well-SENSE Inc. as part of global expansion plans and to meet growing demand for its technology in the US.

Leading international oilfield services company, Expro, has enhanced its cased hole services offering, signing a global agreement with downhole video and camera technology specialist Vision iO.

INPEX CORPORATION (INPEX) has been awarded a 10% participating interest in the Lower Zakum concession offshore Abu Dhabi in the United Arab Emirates (UAE) by the Supreme Petroleum Council of the Emirate of Abu Dhabi (SPC).

FAR Ltd has signed a Farm-out Agreement (FOA) with a subsidiary of Petroliam Nasional Berhad (PETRONAS) to assign a 40% interest in each of the highly prospective offshore petroleum licences, Blocks A2 and A5 in The Gambia. FAR is to retain a 40% interest in each of the licences.

Drilling is performed by the brand new Cat J rig Askepott, purchased by the licence. This is the first job performed by this rig.