Offshore news

The well in the UK Southern Gas Basin was targeting 220 billion ft3 of P50 gross resource, in an undrilled area 4 km east of the 500 billion ft3 Tolmount gas field.

The company provides EPC services to the oil, gas and energy industries including engineering and maintenance of North Sea platforms from concept through to decommissioning.

The total number of registrants is a record for bids in the production sharing regime, surpassing the 16 qualified for the 4th Production Sharing Round, held last year.

Ghasha is aiming to develop previously undeveloped deposits of gas, oil and gas condensate as part of nine shallow fields in the Arabian Gulf west of Abu Dhabi.

The MoU will enable the two petroleum companies to undertake joint technical studies and cooperate in frontier areas.

The award is for the design and procurement of equipment with construction technical assistance for a seawater treatment plant sized for 263 244 bpd.

The assets will provide Neptune with an estimated 30 million boe of 2P reserves.

Based on preliminary estimation, the recoverable resources of the Shrek discovery are in the range of between 19 and 38 million boe, as confirmed by the Norwegian Oil Directorate (NPD).

The next step in the campaign is an extensive Drill Stem Test (DST) programme.

Mark Breese, Severn Glocon, explores the challenge of galvanic corrosion and a breakthrough valve technology that can eradicate the problem.