Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, is pleased to provide an update on agreements in Ecuador for the use of the OBA/RODA pipeline systems for transport of Amerisur crude oil.
Global holds an 85% participating interest in the licence, which was originally issued on 3 December 2010, located offshore Namibia in water depths ranging from 1300 m to 3000 m.
The new contract will have a duration of 25 years and is the first contract under the hydrocarbon law 05-07 for an oilfield in production.
Strong gas flows on test have confirmed a significant commercial discovery for Australia’s Po Valley Energy Limited at its new Selva gas field in northern Italy.
18 delayed projects reached final investment decisions in 2017, compared to two in 2015 and five in 2016.
The SM 71 F3 well is currently rilling ahead at 4969 ft MD in 9 7/8 in. hole. It is anticipated that the well will be drilled to total depth and evaluated by early February.
BP has signed a deal with the Iraqi government to begin revitalising the Kirkuk oilfield, as reported by the Financial Times on Friday.
Lundin Petroleum’s 2P reserves as at 31 December 2017 are 726.3 million boe and reflect a positive revision of 45.8 million boe, excluding sales.
According to GlobalData, analysis of the global planned CDU capacity of refineries shows that China has the highest planned CDU capacity additions globally, followed by Nigeria and Kuwait.
The Uaken 1 exploration well in the Fell block in Chile has been drilled and completed to a total of 3658 ft.
The company are to provide pre-lay mooring products and services to the Deepsea Bergen semisubermersible drilling rig on the Norwegian Continental Shelf.
In 2017, the company's average oil production in Brazil has grown by 0.4% and the average natural gas production has reached a volume 0.9% higher than in 2016.
The partnership are working towards developing technology that allows for through-tubing cement evaluation prior to the arrival of a costly rig or workover unit.
Scottish-American software and energy company Ziyen Inc., which has operations in Aberdeen and Inverness, has announced it has secured a further two major oil contracts in the Illinois Basin, USA.
The contracts have been awarded by the Azerbaijan International Oil Company for Azeri Central East Project.