Oil & gas news

AVEVA has acquired the intellectual property rights to the engineering design database and design productivity software known as EDD and PDMSi, developed by Shell International Exploration and Production Inc., a member of the Royal Dutch Shell plc group.

The new company will deliver advanced production technologies and expertise to the global oil and gas industry, offering products and systems which are highly differentiated, low risk and significantly enhance well performance.

Effective immediately, the contract is for two years with three one-year extension options, and includes the provision of rigging and scaffolding services on the facility, currently operating in the Pierce field.

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.