Oil & gas news

Petrofac has secured a two-year contract extension on Eni UK Limited’s Liverpool Bay Development, valued in the region of US$65 million.

Sonatrach, Total, Repsol and Alnaft (the National Agency for the Valorisation of Hydrocarbon Resources), have signed a new concession contract for a period of 25 years to extend the exploitation of the Tin Fouyé Tabankort (TFT) gas and condensate field.

Drilling at the Moftinu-1007 well in Romania achieved a total planned depth of 1463 m.

Well CSo-85, in the Cañadon Salto field in Argentina, underwent an extended well test period which included 16 days of stabilised gas production at a variety of choke sizes from 6 to 14 mm, achieving a maximum rate of 2.5 million ft3/d at a tubing head pressure of 432 psi.

Under the Jawa-2 project, PLN, Indonesia’s state electricity provider plans to construct an 880 MW plant on the island of Java.

With first oil scheduled for 2022, the Johan Castberg field in the Barents Sea has a production horizon of 30 years.

The company has received a Louisiana Lantern Award from Louisiana Economic Development.

The Action Platform for Sustainable Ocean Business, which launched last week, is a three-year global programme designed to bring together business, civil society, the UN and governments to advance the ocean economy and sustainable development.

The two companies have signed a contract worth more than US$10 million a year until 2024.

Recent adjustments to the surface flare facility have seen an approximate 20% increase in the gas rate.