Drilling & production

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.

Rudranil Roy Sharma, Director, Energy & Environment Practice, Frost & Sullivan writes an overview of the current Oil & Gas sector in the MENA Region.

The preferred share investment consists of an initial subscription of US$10 million, with up to a further US$15 million in future tranches of preferred shares subject to the continued growth and success of IWS.

TotalEnergies, and its co-venturers QatarEnergy and Petronas Petróleo Brasil have won the Agua Marinha block in the Open Acreage under Production Sharing Regime.

The move will improve communication and automation in workload distribution and increase the transparency of project-related risks and costs for the management team and wider stakeholders.

The partnership will provide training and competence management solutions for Mozambique’s domestic onshore and offshore developments.

Along with Aker BP, Equinor has made an investment decision and will submit a plan for development and operation for Krafla to the Minister of Petroleum and Energy.