Drilling & production

The In-line Compensator has been deployed and operated from a deepwater drill ship in 3500 ft of water.

The business intelligence group’s report reveals a 10 yr low in oil discoveries in Norway and anticipates a shift in focus in the UK to gas in 2018.

The KSR-16 well has been connected to the sales line and flow testing is expected to commence early next week. The Company will update the market on the results in due course.

Statoil Petroleum AS, operator of production licence 029 C, has concluded the drilling of wildcat well 15/6-14 S.

The recently drilled well located at the Beach Marcelle field has been successfully put into production and is flowing at a stabilised rate of 120 bpd on a restricted choke of 5/32 in.

First Production from F1, F2 and F3 wells expected early March 2018

The contract, which was signed December 2017, is expected to commence in February 2018 and covers development drilling on the Jubilee and TEN fields offshore Ghana.

Tethys Oil AB has provided an production update for its operations in the Sultanate of Oman.

The move is a response to increasing demands for ship-to-ship transfers to support Brazil’s soaring oil exports.

Repsol has submitted a new Plan for Development and Operation (PDO) for the Yme field in the North Sea. More eight billion kroner will be invested in the development. The planned start-up is 2020.

Petrofac has announced that it has completed the migration of the Santuario Production Enhancement Contract (PEC) into an interest in a Production Sharing Contract (PSC).

Comet Ridge Limited has provided an update on production operations at the Mira Pilot Scheme in the Mahalo Block in central Queensland.

AWE Limited has provided the following update on the company’s 2P Reserves and 2C Contingent Resources as at 1 December 2017, with specific reference to the Waitsia Field, located in Production Licences L1/L2, onshore northern Perth Basin, Western Australia.

Successful production start of the Reggane Nord project in the Algerian Sahara. Up to 280 million ft3/d (gross) planned for 2018.

Total has announced that it has taken the investment decision for the first large-scale development phase of the Libra project, located deep offshore, 180 km off the coast of Rio de Janeiro, in the pre-salt area of the Santos Basin in Brazil.