Drilling & production

Now in its fourth year, ITF’s Technology Showcase has become a key fixture in the oil and gas events calendar in Aberdeen.

BP group chief executive Bob Dudley will underline the value of the North Sea in the oil major’s global portfolio when he leads the opening plenary session at SPE Offshore Europe 2017 being held in Aberdeen from 5 - 8 September 2017.

President Energy, the oil and gas exploration company, has provided an update on its Argentina operations.

The Salman-1 well will be drilled to 4245 m MD through Kurra Chine target horizon to be followed by further testing of five prospective targets. Rosneft plans to complete drilling in July 2017.

Hydrocarbon production from the ‘Golden Triangle’ – incorporating the deepwater (>500 m water depth) plays of Brazil, the US Gulf of Mexico and West Africa – will peak in 2019 due to the lack of projects sanctioned in recent years.

Australian geoscience company Frogtech Geoscience released a comprehensive new basement-focused study of the hydrocarbon-rich South China Sea and Gulf of Thailand; a geologically complex region.

CNPC contributed a sign up bonus of AED 6.5 billion (US$1.77 billion) to enter the concession. The onshore concession is operated by the Abu Dhabi Company for Onshore Petroleum Operations (ADCO).

InfiNet Wireless has provided a cost-effective solution to significantly improve connectivity for AxURE Technology’s network across many oil fields in Colombia.

A geological analysis of the Rockall area of the North Atlantic has revealed previously unknown insights that could lead to new oil and gas discoveries in the UK Continental Shelf (UKCS).

Jersey Oil & Gas, an independent upstream oil and gas company focused on the UK Continental Shelf region of the North Sea, has provided a corporate and operational update.

The Kraken Floating Production Storage and Offloading vessel arrived at the field on Monday 13 February, anticipating good weather conditions.

Ithaca Energy Inc. has announced the successful start-up of production from the Stella field.

Significant progress on the Santos turnaround: Record production and sales volumes, free cash flow breakeven US$36.50/bbl and net debt reduced to US$3.5 billion.

Gulfsands Petroleum plc has announced that its subsidiary, Gulfsands Petroleum Morocco Limited, has been awarded an extension to its Moulay Bouchta Petroleum Agreement together with a revised work programme.

Subsidiary Chariot Oil & Gas Investments (Morocco), has been awarded a 75% interest and operatorship of the Kenitra Offshore Exploration Permit, Morocco in partnership with the Office National des Hydrocarbures et des Mines, which holds a 25% carried interest.