Exploration

Completion of the acquisition and the merger plan has been registered with the Norwegian Register of Business Enterprises.

The well encountered 55 m of net oil pay which supports a recoverable oil resource estimate which exceeds Tullow’s pre-drill forecast.

Linn Katrine Høie has been appointed as managing director of the company.

The closing of the transaction follows approval of the transaction by Anadarko’s shareholders at a Special Meeting held earlier this week.

The Barryroe oil accumulation lies in approximately 100 m water depth in the North Celtic Sea Basin and is located approximately 50 km off the south coast of Ireland.

The 100%-owned licence includes the company’s flagship Inishkea prospect.

Peterson will provide Repsol with integrated supply base operations management, logistics and pipe yard operations.

MOL's upstream EBITDA was 10% lower in 1H19 at US$553 million, while average daily hydrocarbon production was 111.8 boe/d higher by 2% y/yr.

The awarded licences were granted for Block D, located 45 km off the Israeli coast.

The agreement covers Block 77 in central Oman, with each company holding a 50% interest.

iSEISMIC plans to use ION’s 4Sea ocean bottom acquisition and imaging technology for seabed surveys.

11 wells were drilled and four discoveries made by the company in 1H19.

The company's IFRS figures for 2Q19 were: revenue at US$607 million, OPINC at US$71 million, net income at US$(128) million.

The discovery in the main reservoir is currently estimated to contain between 5 and 25 million bbl of oil in-place. It has not yet been concluded if the discovered oil is commercial.

The approval relates to the Tanumbirini 2H and Inacumba 1/1H wells in Exploration Permit 161 in the McArthur Basin, east of Daly Waters.