Drilling & production

The full development of Area 1 will include 33 wells connected to three wellhead platforms plus one monopod, in addition to the FPSO.

The contract extension has a duration of one year and is expected to commence in July 2023, in direct continuation of the rig’s current contract.

Eni announces new oil and gas discoveries in Western Desert for approximately 8500 boe per day.

The company's production guidance for the full calendar year 2022 is 7500 - 8600 bpd.

Resources for the entire Cambozola prospect have been estimated at 159 million boe.

Earlier this month, IOG advised that it was pursuing a rapid solution to a mechanical fault on the Blythe topsides, which has has now been temporarily addressed.

Production has begun flowing through the Murphy-operated King’s Quay floating production system.

EnerMech has won two contracts in Azerbaijan since entering a new JV with Oil & Gas Proserv, an affiliated company of Nobel Energy Group.

Hunting’s Direct Pull-Through installation methodology is intended to simplify installation and enhance safety during project execution.

Crude oil production in the US has recovered considerably from the lows seen during the first wave of the COVID-19 pandemic and the brief price war between Saudi Arabia and Russia.

Aker BP, which operates the field, and partner Pandion Energy expect Hod to produce 40 million barrels of oil.

Based on preliminary estimates the size of the discovery is between 25-50 million bbl of recoverable oil equivalent.

Siemens Energy will supply both the power generation and compression packages for the Petrobras-operated P-78 FPSO.

Gas production will be doubled from the Duva field in the North Sea, enabling an increase of 6500 boe/d from the first half of April.

A Wood Mackenzie report examines the levers the North Sea can pull to increase production and argues indigenous oil and gas still has a major role to play.