Upstream drilling news

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.

The facility supports managed pressure drilling operations in the North Sea.

ExxonMobil has awarded to Pason Systems, Inc. the first global license of its Drilling Advisory System™, a key component of the company’s Fast Drill™ technology suite.

The company has won a bankruptcy auction to acquire the acres, including drilling rights on 44 100 net acres in the Utica and current natural gas production of approximately 80 million ft3 per day, from Stone Energy Corp.

Rockhopper Exploration plc, the oil and gas company with key interests in the North Falkland Basin and the Greater Mediterranean region, has provided the following operational and corporate update.

Europa Oil & Gas has announced that its wholly owned subsidiary has signed a farm-out Agreement in relation to a 12.5% interest in the PEDL143 licence in the Weald Basin with a wholly owned subsidiary of Angus Energy PLC.