Oil & gas news

Global oilfield services firm RMEC has invested a six-figure sum in its onsite test bay facilities to maximise demand for its maintenance services as well as support the recertification of its extensive equipment rental fleet.

The oil and gas service company has reached 1 000 000 consecutive working hours without a recordable incident.

Global oil firms are preparing to spend more than US$53 billion in Guyana’s coveted Stabroek Block during the coming decade, Rystad Energy research shows.

The existing US$50 million bank delivery financing for the rig will be replaced with a new US$100 million take out facility maturing in 31 December 2021.

Faithful+Gould and Atkins have been awarded the pre-final investment decision upstream facilities and shared project management team services for the Zama development project from Talos Energy Inc.

A report by the data and analytics company reveals that Guyana, Mauritania and Russia hosted the most significant finds of 2019.

The contract includes the supply of cementing service, wireline services, wellbore fluid services and fishing, milling and swarf recovery services.

The discovery in the Sureste Basin may contain between 200 and 300 million bbl of oil in place.

Mudlogging and LWD logging results from the Primary targets in the Tumbes Formation indicated that the Marina-1 well encountered thin water bearing sands with no oil and only minor gas shows.

The company is to transfer its entire working interest in the Block 115/09 production sharing contract, offshore Vietnam, to an unnamed major international oil and gas company.