ADNOC awards Eni and PTTEP consortium exploration block
ADNOC has awarded the exploration rights for Abu Dhabi’s Offshore Block 3 to a consortium led by Eni Abu Dhabi B.V. and PTTEP MENA Ltd.
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ADNOC has awarded the exploration rights for Abu Dhabi’s Offshore Block 3 to a consortium led by Eni Abu Dhabi B.V. and PTTEP MENA Ltd.
Perseverance #1 is targeting P50 prospective oil resources of 0.77 billion bbl, with an upside of 1.44 billion bbl.
Barra Energia is leaving the joint venture in which it had a 50% stake.
Preliminary estimates place the size of the discovery between 75 million and 200 million bbl of recoverable oil equivalent.
Oil prices declined on Tuesday as the market ignored news of the US stimulus deal, focusing on the new Covid-19 strain setback.
The agreement is for the supply of between 2000 and 4000 bpd from the Ohaji South Field in Nigeria.
Weir Oil & Gas Dubai will supply and install 1800 sets of wellheads and trees for PTTEP in the Gulf of Thailand.
The four-month campaign will cover two areas totalling 2800 km2 in the Arabian Sea off the west coast of India.
Shell has said it will write down the value of oil and gas assets by US$3.5 billion to US$4.5 billion.
GE Power Conversion is to supply the motors for the water injection pumps which will equip a future FPSO vessel in Brazil.
Operator Neptune Energy estimates the project will add 2.4 million m3 of oil equivalent (15 million bbl o.e.) from Gjøa.
Gas production has started at the R Cluster, the ultra-deepwater gas field off the east coast of India being developed by Reliance Industries and BP.