Oil & gas news

Phase 1 of the Johan Sverdrup project continues to progress according to plan and is now close to 70% complete.

Over US$54 billion will be spent on Brazil’s upstream oil & gas capital expenditure to 2020, says GlobalData.

Benthic, a global geosciences company, has secured a contract for an offshore geotechnical investigation in the proposed Azeri Central East platform location in the Caspian.

Strata-X Energy Ltd. has announced that the company’s Prospecting Licenses held in the Republic of Botswana, covering the Serowe CSG Project, have been re-issued until the end of 2025 opening the door to an active 2018 appraisal programme.

The ONZ-7 well on the Sebou permit in Morocco has been completed and tested.

Imaging efforts will focus on gaining a better understanding of the facies distribution of the Meramec, Osage and Woodford play intervals.

Three production wells are currently completed, and production is expected to ramp up through 2018.

The company has secured two contracts, comprising work from 2018 through 2020 on the Snorre, Troll, Njord, Åsgard, Bauge, Fenja and Dvalin fields.

The well results will be used to precisely estimate the reserves and plan the development of the discovery, in which PGNiG Upstream Norway holds a 20% interest.

The alliance will allow customers to streamline the resources involved in large data-driven deployments, and TARGET’s customers will be able to extract more value from their subsurface data via Quantico’s artificial intelligence capabilities.