Upstream drilling news

Global energy services company Proserv has launched a new subsea sampling cylinder that can improve the quality of results and reduce risks normally associated with sample transfer.

Equatorial Guinea has extended the official closing date of the EG Ronda Licensing Round to April 28, 2017. Responding to a wave of new exploration interest, the government wants to give companies more time to participate.

LGO can confirm that Rig#18 has now been successfully mobilised to the Goudron Field where it has been contracted to drill at least two infill wells to the Mayaro Sandstone reservoir.

Noble Energy, Inc. has announced that it has sanctioned the first phase of the Leviathan natural gas project offshore Israel, with first gas targeted for the end of 2019.

INPEX CORPORATION has announced that it has succeeded in discovering deposits of quality oil through the drilling of an exploration well at the onshore Exploration Block 10 (the block) in the Republic of Iraq, in which it holds a 40% participating interest through INPEX South Iraq, Ltd., a subsidiary.

President Energy, the oil and gas exploration company, has provided an update on its Argentina operations.

Hydrocarbon production from the ‘Golden Triangle’ – incorporating the deepwater (>500 m water depth) plays of Brazil, the US Gulf of Mexico and West Africa – will peak in 2019 due to the lack of projects sanctioned in recent years.

Jersey Oil & Gas, an independent upstream oil and gas company focused on the UK Continental Shelf region of the North Sea, has provided a corporate and operational update.

Tamarind, based in Kuala Lumpur, Malaysia, will pay New Zealand Oil & Gas US$750 000 in exchange for all shares in its Tui holding company, Stewart Petroleum.

The EIA’s Annual Energy Outlook 2017 Reference case projects that US tight oil production will increase to more than 6 million bpd in the coming decade, making up most of total US oil production.