Oil & gas news

Assets to be acquired include production from over 1230 horizontal wells, 157 line of site wells, and 44 permitted wells all in the core of the Haynesville Shale.

The company and partners Wintershall Dea and Petoro have made a commercial gas discovery in production licence 1128, estimated at between two and eleven billion standard cubic metres of recoverable gas, or about 12.6 – 69.2 million barrels of oil equivalent.

The company intends to fully exit Russia following a principle decision of the Management Board, approved by the Supervisory Board.

The CT&P business fits well within Archer’s overall strategy to grow our drilling and well services in UK and to further grow our integrated P&A service offering.

The round, which closed last week, attracted a total of 115 bids across 258 blocks and part-blocks, from a total of 76 companies.

The company has provided an operational update on its current activities and the outlook for 2023.

The company has approved the final investment decision of the Lapa South-West oil development located in the Santos Basin, 300 km off the coast of Brazil.

The company has successfully completed the assessments of the requirements for API 16AR repair and remanufacturing of drill-through equipment at its manufacturing facility in Hempstead, Texas.

According to the company, upstream oil and gas companies made big strides in 2022, restoring confidence and repairing balance sheets.

The company has secured a second contract with ExxonMobil to supply more than 24 of its jumpers for the Uaru field development situated offshore Guyana, in the Americas.