Upstream drilling news

Total S.A. (Total), Borealis AG (Borealis) and NOVA Chemicals Corporation (NOVA Chemicals) have announced that affiliates of the three companies have signed definitive agreements to form a joint venture in petrochemicals on the U.S. Gulf Coast.

T-45, the first well of current three well drilling programme at the Taribani Complex of Block 12 in Georgia, has now been drilled to a target depth of 2700 m, in the Eldari Formation.

Mosman identified the development potential would be to drill horizontal wells which it expected would increase both Reserves and production.

Aker BP is about to complete drilling of the Frosk exploration well 24/9-12 located near Alvheim in the North Sea. The well has proved oil. Preliminary analysis indicate a discovery size of 30 - 60 million boe, which is significantly more than the company’s pre-drill estimates of 3 - 21 million boe.

On behalf of the Abu Dhabi Government, the Abu Dhabi National Oil Company (ADNOC) signed an agreement with Cepsa, a Spanish integrated oil and gas company, awarding it a 20% stake in Abu Dhabi’s offshore SARB and Umm Lulu concession.

PAO NOVATEK (NOVATEK) won the open auction to acquire a 100% stake in Maretiom Investments Limited and 100% of Velarion Investments Limited from ALROSA.

New drilling assessment for Atlas clients within OPITO Skills Screening tool.

Zion Oil & Gas, Inc. announces that during the current open hole wireline logging and subsequent reaming (cleaning the well bore) operations, Zion encountered free-flowing hydrocarbons while circulating drilling mud.

TAG Oil Ltd. has provided a positive update on its Pukatea-1 exploration well, which was spudded on January 24, 2018. The Pukatea-1 well is located in TAG Oil’s operated Puka permit (PEP 51135, 70% TAG Oil) in the Taranaki Basin of New Zealand.

DEA Deutsche Erdoel AG announces a significant increase of production from its oil fields in the Gulf of Suez and from the Disouq gas fields in the Onshore Nile Delta. The next phase of the West Nile Delta (WND) development is intended to contribute to the company's target. DEA plans to invest about US$500 million in Egypt during the coming three years.