Masirah Oil has announced the spudding of the Yumna-5 well in the offshore Yumna Field in Block 50 Oman. The Yumna-5 well will be drilled at the crest of the structure to drain attic oil left un-swept by the current producers.
Subsea 7 has announced the award of a sizeable contract that will be recognised in the backlog of its Subsea and Conventional business unit in 2Q24.
Panoro Energy has announced that it has reached an agreement with the Government of Equatorial Guinea on the key terms and conditions for the award of offshore Block EG-23.