Upstream drilling news

LUKOIL has completed the construction and commissioning of the first well at the Phase 2 of Vladimir Filanovsky field in the Caspian Sea. As of 31 January, the company started to drill an injection well.

Erin Energy Corporation has announced that it has completed the drilling of the Oyo-NW well and, based on preliminary evaluation, it has discovered hydrocarbons in the Miocene Formation.

On 31 January, Shell acquired nine exploration blocks for the Mexican Gulf of Mexico in the deepwater bid round.

UK Oil & Gas Investments PLC has announced that to focus upon appraising the onshore PEDL331 Arreton oil discovery and satellite exploration prospects, it has informed the Oil and Gas Authority that it will not seek any further extension to the offshore P1916 Licence.

The company has announced one of its largest US Gulf of Mexico exploration finds in the psat decade from the Wale deepwater well.

Parsley Energy, Inc. provided an operational update that discloses certain full-year 2017 results and highlights strong indications from the Company's Wolfcamp C delineation programme.

Spirit Energy is extending the life of one of its key North Sea fields by tapping into new reserves this year.

Total announces that the Fort Hills oil sands project located in Alberta, Canada, 90 km north of Fort McMurray, has achieved first oil and production is expected to ramp up over the next few months.

Total announces a major oil discovery in the Ballymore prospect, located deep offshore in the U.S. Gulf of Mexico (Eastern GoM). The well was drilled to a final depth of 8898 m and encountered 205 m of net oil pay in a high quality Norphlet reservoir. 

These companies represent 61% of US shale oil production in 2018 and were chosen for their focus on oil output.