Drilling & production

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.

The operation has encountered gas in good-quality Toro and Digimu sands.

This is the second well to be drilled within the licence area.

TAG Oil and its joint venture partner (Melbana Energy – 30% WI) have begun operations on the Pukatea-1 exploration well.

The contract has been awarded to Alcatel Submarine Networks for permanent reservoir monitoring (PRM) on the Johan Sverdrup field.

The decision authorises the construction of a floating production, storage and offloading (FPSO) vessel, the first new manned installation for Shell in the northern North Sea in almost 30 years.

The consideration for the transactions amounts to US$1.95 billion, including closing adjustments.