Oil & gas news

The exploration target of the Alom-1 well on Block 9 was to prove hydrocarbons in stacked Pleistocene targets. The objectives were found to be dry and the well will now be permanently plugged and abandoned.

Located approximately 125 km offshore Mauritania, the Orca-1 well exceeded pre-drill expectations encountering 36 m of net gas pay.

The WZ 6-12 M1 exploration well is located in between the Weizhou 6-12 North and South Fields and is targeting the T40 - T42 stacked reservoirs.

The offshore Habi gas concession is located in Egypt’s eastern Mediterranean.

The project will last approximately 1 month and commence in 1Q20.

The company achieved a total net production of 124.8 million boe for 3Q19, representing an increase of 9.7% y/y.

Prior to the drilling of well 6506/11-11 S, the operator’s resource estimate for the discovery was between 3 and 21 million m3 of recoverable oil equivalents.

GMS's customer is an international EPC contractor, for which GMS will provide support for offshore activities on behalf of a Middle East national oil company.

The scope of work for fabrication of the SPS includes: project management; fabrication engineering; procurement; pre-assembly; fabrication; acceptance tests; and system-integration tests.

The licence and assurance will allow certain US and US-owned or controlled entities and also non-US entities to continue providing goods, services and support to Rhum beyond 31 October 2019; when the current licence expires.