Upstream drilling news

Conventional gas projects will require US$86 billion, while the investments into unconventional gas and coal bed methane (CBM) projects will total US$1.2 billion and US$0.1 billion respectively in upstream Capex by 2025.

SDX Energy Inc., the North Africa focused oil and gas company, has announced that an oil discovery has been made at its Rabul 4 Well in the West Gharib Concession in Egypt.

Saipem has been awarded new contracts in Offshore Drilling involving the sixth-generation semi-submersible rig Scarabeo 8, suitable for harsh environments.

Oilfield service sales increased 21% on average for these three bellwether companies, while their oilfield equipment sales increased only 1%.

Oil sands projects will require US$43 billion, while the investments into heavy oil assets will require almost US$4 billion in upstream Capex by 2025.

Attollo Offshore, a leading offshore marine operator, has heralded Q2 by signing multiple multi-million pound jack up contracts within the oil and gas and renewable energy sectors.

The Norwegian Petroleum Directorate (NPD) has granted Aker BP ASA a drilling permit for well 7221/12-1, cf. Section 15 of the Resource Management Regulations.

SDX Energy Inc. the North Africa focused oil and gas company, has announced that a conventional natural gas discovery has been made at its LNB-1 exploration well on the Lalla Mimouna permit in Morocco (SDX 75 %).

To develop ‘Satellite cluster’ deep-water gas fields in India, second of three projects

Following the acquisition of additional acreage earlier this month, the company continues to earn into a 75% working interest in a total of approximately 80 000 acres in the Paradox Basin.