Oil & gas news

The production of oil from Layang is estimated at approximately 3000 bpd, and an estimated 10 000 boe/d with natural gas combined.

The award contains the HPHT North Eigg and South Eigg prospects. The primary prospect is North Eigg which is estimated to contain 360 billion ft3 (P50) and potentially over 1 trillion ft3 (P10) of recoverable gas.

The survey covers 1600 km2 of 3D and 800 km of 2D data in a deepwater area of the Bay of Bengal.

The contract work includes drilling operations, work-over campaigns, P&A activities and all preventative and corrective maintenance of ConocoPhillips’ drilling facilities on three offshore platforms in the Greater Ekofisk Area.

The company has acquired over 320 000 gross acres and 4200 producing wells from Devon Energy.

The progress into the Pikka field’s FEED phase is subject to approval from joint venture partners and the finalisation of required third-party agreements.

The National Offshore Petroleum Safety and Environmental Management Authority has accepted Equinor’s environment plan for exploratory petroleum drilling in the Great Australian Bight.

Magma Global has been selected by C-Innovation to supply m-pipe® thermoplastic composite subsea jumpers for flowline intervention in the Gulf of Mexico.

The project will cover approximately 1000 km2 of ocean bottom and towed streamer seismic on Repsol’s operated block offshore Peninsular Malaysia.

Re-evaluation of data and core analysis indicates a material upgrade in liquid hydrocarbons contained in the Kirkham Abbey reservoir in the West Newton project area. The Upside Case estimates are liquids 283 million bbl and gas 265.9 billion ft3.