Upstream news updates

Aker BP has been given consent to drill exploration wells in block 25/2 in the North Sea.

Record number of expert submissions to technical conference; programme underlines Abu Dhabi’s leadership in energy world.

The scope of the agreement covers maintenance, inspection and testing services on five pedestal cranes on the development’s Likouf Floating Production Unit (FPU) and Tension Leg Platform (TLP) over three years.

Tethys Oil's share of the production, before government take, from Blocks 3&4 onshore the Sultanate of Oman amounted in June 2017 to 375 333 bbls of oil, corresponding to 12 511 bpd.

The Leviathan 5 Well is expected to be completed soon, after reaching the final depth planned and verification of the existence of natural gas in three layers of the Leviathan reservoir (Sands A, B and C).

The INPEX-operated Ichthys LNG Project’s floating production, storage and offloading (FPSO) facility–Ichthys Venturer–safely sailed away from waters near its construction site in Okpo, South Korea en route to Australia.

Sound Energy has provided an update on the TE-7 extended well test.

MRC Global Norway AS is set to provide high alloy valves, manifolds, fittings, tubing, enclosures, tube clamps and other items for Statoil’s Johan Castberg project.

Independent Oil and Gas plc has announced that it has submitted the Field Development Plan to the UK Oil and Gas Authority for the Blythe Hub, which comprises the Blythe and Elgood fields.

CGG announced today the award by Petrobras of a contract to process the seismic data from a 3D Ocean Bottom Node (OBN) survey covering a full-fold area of 2180 km2 in Brazil’s deepwater Santos Basin.

Horizon Oil is pleased to advise that it has increased to about 28% its interest in the total certified resources contained in Papua New Guinea’s Western Foreland fields of 2.0 - 2.5 tcf gas and 60 - 70 million bbls of condensate.

This figure includes the accounting impact produced by the full consolidation of the Quintero LNG plant in Chile, included since January 2017. Taking this into account, net profit has increased by 25.6% on the same period last year.

Scope of contract includes longest subsea multiphase boosting tieback in the UK North Sea.

Pan Petroleum Gabon B.V., one of Panoro Energy ASA’s subsidiaries, has approved the operator’s proposed work programme and budget to move forward with the development of the Dussafu oilfields.

Subject to regulatory approval, JDR Cable Systems is set to be acquired by TELE-FONIKA Kable.

WorleyParsons has been awarded the project management and front end engineering and design (FEED) services for the offshore oil and gas facilities portion and the onshore upstream and downstream pipelines portion of Saudi Aramco’s Marjan Oil Field Development Program.

In recent weeks, upstream North American markets have recovered more strongly than formerly anticipated. Higher levels of frack fleet utilisation and significant tightening of industry capacity are both benefiting the Group’s Oil & Gas division.

Nature Group, the oil, gas and maritime waste collection and treatment company, has secured a five-year contract with Maersk Oil in the Central North Sea.

The Board of Ascent Resources plc, the European focused oil and gas exploration and production company, has provided an update on progress with its Petišovci project in Slovenia.

Centrica plc and Stadtwerke München GmbH have reached an agreement to combine Centrica’s European oil and gas exploration and production business with Bayerngas Norge AS.

Providence Resources has provided an update on Licencing Option 16/27 in the Porcupine Basin, offshore Ireland.

The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 7220/11-4 A, cf. Section 8 of the Resource Management Regulations.

Waitsia-4 was spudded on 10 July 2017 and is forecast to take approximately five weeks in total to complete.

The discovery was made in the Blåmann well, between the Snøhvit and Goliat fields in the Barents Sea. Recoverable volumes are estimated at 2 - 3 billion standard m3, approximately 10 - 20 million boe.