Upstream drilling news

The Ministry of Petroleum and Energy (MPE) has extended the production licenses in the Greater Ekofisk Area from 2028 to 2048.

The project will boost production at the existing Maria field in the Norwegian Continental Shelf. The contract includes subsea trees, spools, jumpers, and flexible pipes.

The transaction will contribute to the optimisation of Maersk's fleet in line with the company's strategic priorities.

Maersk Training is set to increase headcount across its UK sites as it looks to recruit new instructors due to industry demand.

The contract extension has a duration of one year and is expected to commence in July 2023, in direct continuation of the rig’s current contract.

Eni announces new oil and gas discoveries in Western Desert for approximately 8500 boe per day.

Resources for the entire Cambozola prospect have been estimated at 159 million boe.

EnerMech has won two contracts in Azerbaijan since entering a new JV with Oil & Gas Proserv, an affiliated company of Nobel Energy Group.

The Jade prospect has a GCA audited mean in place potential of 225 million bbl and a P10 in place upside of 395 million bbl.

Cervantes-1, an oil exploration well in the onshore Perth Basin licence L14, failed to encounter hydrocarbons.