Upstream drilling news

Wintershall's investments in new wells help to secure supplies in Germany.

Frontera Resources Corporation has provided an update regarding interim results on testing of the Ud-2 well, situated inside the 950 km2 Mtsare Khevi Gas Complex area, located in onshore Block 12, Georgia.

The line of equity financing comes from funds affiliated with Warburg Pincus, a global private equity firm focused on growth investing.

Global holds an 85% participating interest in the licence, which was originally issued on 3 December 2010, located offshore Namibia in water depths ranging from 1300 m to 3000 m.

The new contract will have a duration of 25 years and is the first contract under the hydrocarbon law 05-07 for an oilfield in production.

Strong gas flows on test have confirmed a significant commercial discovery for Australia’s Po Valley Energy Limited at its new Selva gas field in northern Italy.

The SM 71 F3 well is currently rilling ahead at 4969 ft MD in 9 7/8 in. hole. It is anticipated that the well will be drilled to total depth and evaluated by early February.

Vantage Drilling International have signed a contract which continues their working relationship with their client CPOC.

The company are to provide pre-lay mooring products and services to the Deepsea Bergen semisubermersible drilling rig on the Norwegian Continental Shelf.

In 2017, the company's average oil production in Brazil has grown by 0.4% and the average natural gas production has reached a volume 0.9% higher than in 2016.