Drilling & production

Over US$54 billion will be spent on Brazil’s upstream oil & gas capital expenditure to 2020, says GlobalData.

The ONZ-7 well on the Sebou permit in Morocco has been completed and tested.

Three production wells are currently completed, and production is expected to ramp up through 2018.

The well results will be used to precisely estimate the reserves and plan the development of the discovery, in which PGNiG Upstream Norway holds a 20% interest.

Rockhopper Exploration plc, the oil and gas company with key interests in the North Falkland Basin and the Greater Mediterranean region, has provided the following update relating to Sea Lion Phase 1, in the North Falkland Basin (RKH 40% working interest).

WorleyParsons will provide engineering, procurement, construction management and project management services to support QGC across the upstream and midstream facilities from the Surat Basin to Curtis Island.

Faroe Petroleum has announced the commencement of the Fogelberg appraisal well and contingent sidetrack 6506/9 – 4A & 4S in the Norwegian North Sea (Faroe 28.3%).

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

Fugro has won a long-term contract for the provision of rig positioning services to Statoil Petroleum AS.

Island Offshore Subsea AS provides Riserless Light Well Intervention (RLWI) project management and engineering services for plug & abandonment (P&A), riserless coiled tubing and well completion operations.

Erin Energy Corporation has announced that it has completed the drilling of the Oyo-NW well and, based on preliminary evaluation, it has discovered hydrocarbons in the Miocene Formation.

UK Oil & Gas Investments PLC has announced that to focus upon appraising the onshore PEDL331 Arreton oil discovery and satellite exploration prospects, it has informed the Oil and Gas Authority that it will not seek any further extension to the offshore P1916 Licence.

According to Rystad Energy, the UK offshore oil and gas industry is stirring back to life, fuelled by a robust uptick in the number of field development projects on which operators are expected to reach a final investment decision (FID) this year.

The company has announced one of its largest US Gulf of Mexico exploration finds in the psat decade from the Wale deepwater well.

CNX also sold a greater volume of natural gas in 4Q17 than in the same period the year before.