Drilling & production

EPCI contract includes supply of subsea production system.

Sacgasco Ltd has significantly strengthened its asset base in the Sacramento Basin, California, through the acquisition of five additional operated natural gas wells from various private Californian entities.

The Johan Sverdrup partnership has now decided to proceed with (DG2) Phase 2 of the Johan Sverdrup development, awarding FEED contracts to Aker Solutions, Kværner and Siemens.

Masirah Oil Limited and its partners have announced that the drilling of exploration well Karamah#1 in Block 50 Oman has started on 17 March 2017.

West Ells Phase II is an expansion of the Phase I project with an additional production capacity of 5000 bpd.

SDX Energy Inc. , the North Africa focused oil and gas company, has announced the commencement of drilling operations on the SD-1X well at its South Disouq concession in Nile Delta area of Egypt.

According to Brand Finance, Shell remains the world’s most valuable oil and gas brand with a brand value of US$37 billion, up from US$31.6 billion last year.

On 9 January 2017, Tullow Oil plc announced that it had agreed to farm-down 21.57% of its 33.33% interests in Exploration Areas 1, 1A, 2 and 3A in Uganda to Total E&P Uganda B.V. (Total) for a total consideration of US$900 million.

Petroleum Development Oman (PDO) decided to extend the framework contract for engineering and maintenance services, with joint venture STS-Tebodin, in Oman by 3 years. The contract now runs until 2021.

Aker Solutions will provide design engineering for the upgrading of the semi-submersible Njord A platform in Norway.

The scope of work includes integrated supply base operations management, logistics control planning and pipe yard operations.

Global Tubing, LLC has launched DURACOIL™. DURACOIL’s improved tubing fatigue life, predictability and resistance to abrasion minimises downtime due to pipe failures.

In the first two months of 2017 OPEC members have demonstrated an unprecedented level of compliance with the production cuts agreed in late 2016.

Energean Oil & Gas has announced that it has signed an exploration and production concession contract with the State of Montenegro covering offshore blocks 4219-26 and 4218-30, following approval from the Parliament of Montenegro.

Samoco Oil Tools, a developer of tools for the oil and gas industry, is has announced that the OneTrip® Universal BOP Test Tool has been recognised in the OTC Spotlight On New Technology® Awards.