Drilling & production

The Lingshui 17-2 gas field is expected to reach peak production of 328 million ft3 of natural gas and 6751 bpd of condensate in 2022.

The Praline field is located in Mississippi Canyon Block 74.

Two new wells tied into the Na Kika platform are expected to boost gross platform production by an estimated 20 100 boe/d.

According to the new analysis commissioned by the Ministry, approximately 90% of South Sudan’s oil and gas reserves remain unexplored.

Through the agreement with Medra Arabia, OSSO will provide clients with direct access to its rental fleet of equipment, along with rig site support and heat transfer solutions.

Oil production in May was 4% higher than the Norwegian Petroleum Directorate’s forecast, and 1.2% higher than the forecast so far this year.

The Gråsel reservoir is situated over the Skarv reservoir in the Norwegian Sea, about 210 km west of Sandnessjøen, and contains around 13 million boe of oil.

3-4 new gas wells will be drilled at the Valemon field in the North Sea in 2021 and 2022, which will extend profitable operations at the Heimdal field.

Transocean has secured work for its Transocean Barents and Transocean Norge drilling rigs.

The first trade of certified carbon neutrally produced oil from the Johan Sverdrup field has been completed with GS Caltex in South Korea.

New Mexico's record production in March was a result of both new wells coming online for the first time and existing wells coming back online after being shut in during the cold snap.

The company's production guidance for 2021 has been increased to between 180 to 195 000 boe/d, from the original guidance of 170 to 190 000 boe/d.

The new facility will enable the Group to simplify its existing capital structure and finance the acquisition of a 26.69% interest in the Golden Eagle Development Area Project in the North Sea.

The US$508 million transaction includes approximately 25 000 net acres in the Southern Delaware Basin in Texas.

Oil Dynamics GmbH recently installed and started up two new ESP systems near Hannover in Germany.