Exploration - 08 February 2016

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Rosneft and Statoil have announced the commencement of testing of two production wells of highly viscous oil of the PK1 layer of the North-Komsomolskoye field.

The new oilfield services company, Ardyne, has been launched with £50 million backing from Lime Rock Partners and has made its first acquisition.

SOCO has reported that the Baobab Marine-1 commitment well commenced drilling on 5 February 2016 in the Mer Profonde Sud Block, located in the Lower Congo Basin, offshore the Republic of Congo.

Sound Energy has stated that it has signed a binding agreement with OGIF whereby OGIF has granted Sound Energy an option to acquire a 55% interest in the Meridja permit, onshore Morocco.