Upstream drilling news

Echo Energy plc, the Latin American focused upstream oil and gas company, has announced the commencement of drilling of the third exploration well in a four well back-to-back campaign in the Company's Fracción C and Laguna de Los Capones assets, onshore Argentina in Joint Venture between Echo and its Argentine partner Compan~i´a General de Combustibles S.A. ("CGC").

Sonatrach, Total, Repsol and Alnaft (the National Agency for the Valorisation of Hydrocarbon Resources), have signed a new concession contract for a period of 25 years to extend the exploitation of the Tin Fouyé Tabankort (TFT) gas and condensate field.

Drilling at the Moftinu-1007 well in Romania achieved a total planned depth of 1463 m.

Ascent Resources plc, the AIM quoted European oil and gas exploration and production company, updates shareholders on operations at the Petišovci concession in Slovenia.

Tethys Oil's share of the production, before government take, from Blocks 3&4 onshore the Sultanate of Oman amounted in April 2018 to 349 441 bbls of oil, corresponding to 11 648 bopd.

The technology enables the mapping of reservoir and fluid boundaries over 200 ft (61 m) away from the wellbore.

The well is currently at 1888 m and total depth is expected to be approximately 2775 m.

After initial preparations, the actual installation job took only three hours and was achieved in one single lift.

Equinor has received consent from the Petroleum Safety Authority to drill appraisal well 6608/10-18 in production licence 128 D in the Norwegian Sea.

The primary objective for the Phoenix South-3 well, off the north coast of Western Australia, is to evaluate the gas and condensate potential of the Caley Member within a large, faulted anti-clinal closure that was partially penetrated with the Phoenix South-2 well.