Drilling & production

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.

BP has confirmed that production has started from the super-giant Zohr gas field, offshore Egypt. The field is operated by Eni, through its joint venture with The Egyptian General Petroleum Corporation (EGPC), and is the largest natural gas discovery yet to be made in the Mediterranean Sea.

Aker BP has invested in and acquired a 17 % stake in the company Fishbones AS. Fishbones is an unconventional stimulation technology applied to increase the production rates in tight reservoirs.

SM 71 F2 drilling ahead at 4895 ft MD after setting 10 3/4 in. surface casing at 3685 ft MD. Drilling is proceeding according to plan and the well will reach TD prior to the end of December.

Unconventional oil reserves across the top ten countries stand at 9.2% (45.8 billion barrels), oil sands reserves stand at 6.7% (33.3 billion barrels), and heavy oil represents 4.5% (22.2 billion barrels) of all remaining reserves.

The transaction nearly triples Statoil’s production in Brazil, with attractive break-evens and potential for additional value creation for both parties through the application of Statoil’s expertise in improved oil recovery (IOR).

Project costs for subsea field reduced by more than 20%. Production in Norway to increase to more than 100 000 boe/d.