Oil & gas news

Wintershall Dea Norge AS, operator of production licence 894, is in the process of concluding the drilling of wildcat well 6604/6-1 in the Norwegian Sea, according to the Norwegian Petroleum Directorate.

The company has said it achieved an estimated 2019 total CAPEX of US$300 million and OPEX (ex-lease costs) of US$11/boe, both below original guidance.

Severn Glocon is one of the biggest manufacturers of control valves for the oil and gas industry, and employs over 900 staff worldwide including 370 in the UK.

Formal technical environmental approval for the development of the Selva Malvezzi Gas-Field (Selva) in northern Italy has been received from the Italian Environment Ministry.

The assets to be sold by BP include its interests in the Andrew area in the central UK North Sea and its non-operating interest in the Shearwater field.

The discovery was made at the Maka Central-1 well drilled offshore Suriname on Block 58.

The company has acquired a portfolio of operating assets in New Mexico from a Permian Basin oil producer, including 23 saltwater disposal wells and 300 miles of water gathering pipelines.

The transaction is valued at approximately US$2 billion.

The Baker Hughes US land rig count declined by 49 rigs from the week ending 4 October 2019 through the week ending 27 December 2019, a greater decline than what the company expected.

Drilling in block 6507/8 is scheduled to begin in mid-January 2020, and is estimated to last for 67 days.