Upstream news updates

The well was drilled about 75 km north of the Gjøa field in the North Sea and 60 km northwest of Florø.

Maersk Drilling estimates that about half the target can be achieved via further efficiency gains and known technical solutions and concepts, while the other half will be facilitated by investments in innovation in this space.

Oil prices declined today as the market is correcting the exaggerated price levels reached in yesterday’s session. Meanwhile, Covid-19 demand concerns and US supply return.

The drilling programme for well 34/7-37 S concerns the drilling of a wildcat well in production licence 089.

ADM Energy PLC has formally submitted a bid with the Nigerian Department of Petroleum Resources (DPR) for a marginal field in the 2020 Marginal Field Bid Round.

The preliminary evaluation of the well results indicates that the Great Nooros Area gas in place can be estimated in excess of 4 trillion ft3.

The company has confirmed that it has been in discussions with a number of third parties, including Chrysaor, regarding alternative forms of transactions to secure the long-term refinancing of the Group’s debt facilities.

Khurais is Saudi Aramco's second facility, after the Uthmaniyah Gas Plant, to be included in the World Economic Forum’s Global Lighthouse Network.

Geo-data results from the engineering surveys will provide ONGC with the seabed and sub-seabed insights they need to develop key offshore infrastructure.

The contract covers Equinor's unmanned process platform at the Krafla field.

Firm contracted gas sales from the Karish project offshore Israel now total approximately 7 billion m3/yr.

Petrobras and SBM Offshore have started negotiations to contract the FPSO Almirante Tamandaré, which will operate in the Buzios field.

Oil prices have inched up today as the market has already priced in oil demand concerns and now awaits for the OPEC+ meeting.

The US government said 21%, or nearly 396 000 bpd, of offshore crude oil production and 25%, or 685 million ft3/d, of natural gas output were shut in the US Gulf of Mexico.

Acoustic Data has been contracted to deploy its SonicGauge Wireless Monitoring System in a gas field project in North Africa.

The umbilical will be delivered in 2Q21 and will connect the Elgood subsea well to the Blythe platform.

Revised guidelines for production permit applications will be published in early October.

Petrofac will integrate operations, maintenance, engineering, construction, and onshore and offshore technical support across Ithaca’s North Sea operated asset base.

The OGA has concluded that seismic data acquired under an exploration licence and which are more than 10 or 15 years old, depending on the type of data, can be made available through application to the OGA.

The Noble Sam Croft has commenced operations at the Keskesi East-1 exploration well approximately 14 km (9 miles) southeast of Sapakara West-1.

Dan Munro, owner and CEO of PJ Valves, explains why the industry should be talking about how to improve exploration and production.

Independent Oil & Gas has until 5:00pm on 9 October 2020 to either announce a firm intention to make an offer for Deltic Energy or declare that it does not intend to make an offer.

Delivery of the Framo pumping systems is scheduled for 2021.

Well 6406/12-G-1 H will be drilled about 36 km southwest of the Njord field.