Drilling & production

Shallow water projects will be responsible for over 92% of upstream CAPEX.

A key project milestone has been achieved, with completion of buoy 'dry' trial fit testing operations by Bluewater Energy Services BV and Dubai Drydocks World, LLC.

TAG Oil Ltd. has provided a positive update on its Pukatea-1 exploration well, which was spudded on January 24, 2018. The Pukatea-1 well is located in TAG Oil’s operated Puka permit (PEP 51135, 70% TAG Oil) in the Taranaki Basin of New Zealand.

DEA Deutsche Erdoel AG announces a significant increase of production from its oil fields in the Gulf of Suez and from the Disouq gas fields in the Onshore Nile Delta. The next phase of the West Nile Delta (WND) development is intended to contribute to the company's target. DEA plans to invest about US$500 million in Egypt during the coming three years.

The company will deliver two modules for water and chemical injection from its yard in Egersund on the west coast of Norway, while its facility in Sandnessjøen in northern Norway will supply smaller modules and a flare boom.

SDX Energy Inc., the North Africa focused oil and gas company, has provided an operations update.

Mayan, the AIM listed oil and gas company, has announced the initiation of production at the Gilbreath #19 well at Forest Hill Field, Wood County, Texas and the Morris #1 well at Stockdale Field, Wilson County, Texas.

Russian and Norwegian gas exports to Europe (including Turkey) reached 194 billion m3 and 122 billion m3, respectively, in 2017.

Spending is predicted to top in 2021, at US$20.5 billion, according to GlobalData.

The contract is part of Saudi Aramco’s multi-billion dollar Marjan Crude Increment Program; one of the company’s oil and gas mega-projects designed to enhance its energy sustainability, diversify the economy, expand gas production, and localise domestic content.

Carnarvon aims to mature the identified leads to prospects within the block, with a number of geoscience work-flows as part of the work programme, including a satellite seep survey, petrophysical reviews, burial modelling, fault seal analysis, rock physics analysis and seismic inversion of the Cygnus MC3D.

Mayan has announced the initiation of production at the Gilbreath #19 well at Forest Hill Field, Wood County, Texas and the Morris #1 well at Stockdale Field, Wilson County, Texas.

Drilling operations at T-45 well are progressing as planned and the Company looks forward to updating the market in due course.

Production levels at the Seven Assets in February have continued to strongly increase, with month to date average production being 25.7 kboepd gross and 20.7 kboepd net, largely driven by increased sales to the Calabar NIPP which are supported by a World Bank Partial Risk Guarantee.

Weatherford International plc has announced the successful execution of a shallow-angle casing exit in Sakhalin Island, Russia, using the AccuView real time remote support system. This marks the first deployment of the AccuView system in the Russian Federation.