Drilling & production

In 2023 the company plans to participate in 25 exploration wells, most of them around existing infrastructure.

The companies have announced their partnership to bring high horsepower, lower emissions technology to hydraulic fracturing.

On 10 January 2023, 25 companies were offered ownership interests in a total of 47 production licences on the Norwegian shelf in the awards in predefined areas (APA) 2022.

The acquisition is based on an enterprise value of US$8 million, plus earn-out pending trading performance over 2023 to 2025.

The systems will be deployed across two of OceanPact’s vessels to support inspection, repair and maintenance services for Petrobras' oilfields.

The Norwegian Petroleum Directorate consider how Norway has fortified its role as a predictable, long-term supplier of energy to Europe.

The project, supported by industry funding, is expected to complete by the end of 2023, with fast-track products available by June.

Initial production tests indicate flow rates of up to 1800 barrels of oil equivalent per day (boepd).

The company has announced contract awards or extensions for five of its drilling rigs.

The company has announced that it has increased its non-controlling investment in Intelligent Wellhead Systems Inc. through the acquisition of outstanding common shares of IWS for an aggregate purchase price of US$7.9 million.

The company and its partners have announced the results of recent appraisal drilling at the Isabella discovery (P1820) in Block 30/12d-12.

The company, with a portfolio of upstream oil and gas projects, has announced the completed acquisition of Simwell Resources Limited, further to its announcement on 28 September 2022.

APPEA has said that the government’s heavy-handed reforms introduced without proper consultation had, in less than a week, dealt a blow to new east coast domestic gas supply and future energy security.

At this early cleanup stage, Alkaid #2 is delivering hydrocarbon liquid rates near expectations over the 4000 ft unblocked section, with gas rates well above original prognosis.

The MOU aims to strengthen mutual cooperation to help enhance operational performance across North American natural gas and oil operations.