Oil & gas news

The wildcat wells were drilled in production licence 090 in the northern North Sea.

The total estimated value of the contract extension, based on current activity level, is expected to be US$200 million.

Hipp Creek 3D will add nearly 200 km2 of seismic data tying into existing TGS 3D seismic coverage within their core area of the Montney Basin in British Columbia, Canada.

The contract covers the CI-11 offshore block, operated by state oil company Petroci.

Shell still plans to appeal the court ruling last month that ordered it to reduce greenhouse gas emissions by 45% by 2030 from 2019 levels.

Drilling at Longtail-3 offshore Guyana encountered 230 ft (70 m) of net pay, including newly identified, high quality hydrocarbon bearing reservoirs below the original Longtail-1 discovery intervals.

The US$2 billion contract will see the consortium provide engineering, procurement, construction and commissioning (EPCC) services for the development of an onshore oilfield that will generate up to 200 000 bpd.

The joint venture, which also includes Qatar Petroleum and CNRI, is considering an early production system for Block 11B/12B to provide first gas and condensate production from the Luiperd prospect.

The agreement has a fixed period of three years and includes an option to extend the contract for two additional years.

The contract with Chevron is for the ultra-deepwater drillship Valaris Relentless (DS-18), a GustoMSC P10,000 design.