PCSB announces oil and gas discovery at the Nahara-1 well in Block SK306
The discovery is located in the shallow waters of Balingian Province about 150 kilometres from Bintulu, off the coast of Sarawak, offshore Malaysia.
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The discovery is located in the shallow waters of Balingian Province about 150 kilometres from Bintulu, off the coast of Sarawak, offshore Malaysia.
The discoveries were proven in 2017 and 2020 respectively and contain a total of 36.3 million bbl of recoverable oil equivalent.
Offshore drilling operator Valaris has confirmed it has renewed, for an additional three years, the service agreement it has in place with survival technology solutions provider, Survitec.
The oil and gas industry leaders are steadily incorporating transition fuels as well as low-carbon and zero-carbon energy sources into their portfolios, says GlobalData.
“The decision by OPEC+ to continue with its recently agreed 2 million barrels per day (b/d) production cut through the end of 2023 is not a surprise”, says Ann-Louise Hittle, Vice President, Macro Oils, at Wood Mackenzie.
Calypso is Neptune Energy’s third discovery in six months on the Norwegian Continental Shelf.
The industry is forecast to contribute £14.9 billion in tax receipts during the 2022 – 2023 financial year, however industry members raised concerns around the case for continuing investment following recent changes to the Energy Profits Levy.
The list of references associated with the article entitled 'The Making Of MENA', which featured in the Winter 2022 issue of Oilfield Technology.
The well was drilled about 17 kilometres north of the Heidrun field in the Norwegian Sea and 240 kilometres west of Sandnessjøen.
Ramform Hyperion will commence acquisition in late November and expect to complete mid-January 2023.
In the past six years, CGG has successfully delivered land, marine, transition zone, OBC and high-density OBN seismic imaging results at the BSP centre.
The probe by the North Sea Transition Authority (NSTA) could result in action being taken, including a fine for the company or up to the relevant licence being taken away.