Upstream news

Lundin Petroleum's Board is also proposing to change the name of the company to Lundin Energy AB.

The OYF-2 well in Morocco has been drilled to a measured depth of 1210 m and has encountered commercial quantities of gas in excess of pre-drill estimates.

The drilling operation by the Stena Forth drillship is estimated to take 30 days and shall drill to approximately 3000 m subsea.

The company has also made a further oil discovery northeast of the producing Liza field in the Stabroek Block.

Equipped with cutting-edge technology, the new laboratory has a wide selection of testing regimes and modern methods of crude oil analysis and performance testing.

The Sharjah National Oil Corporation (SNOC) and its partner Eni, have announced a successful new discovery of natural gas and condensate onshore in Sharjah.

US oil production from tight formations increased in 2019, accounting for 64% of total US crude oil production, according to the US EIA.

One of the most productive areas in the world for oil remains rich in the resource, according to the latest USGS assessment.

The projects are valued at approximately US$42 million and are scheduled to occur primarily during 2Q20.

The Stork Worley Integrated Solutions joint venture will provide engineering, procurement, construction, installation and commissioning, and decommissioning services for a brownfield modification for Neptune Energy's Dutch assets in the North Sea.