Upstream news

Preliminary estimates show that between 3 and 10 million standard cubic meters of recoverable oil equivalents have been proven in in exploration well 6407 / 1-9 - Egyptian Vulture, corresponding to 19-62 million barrels.

The acquisition from OMV Norge takes Lundin Energy’s working interest to 35% in the 500 million barrel oil development.

The project will encompass approximately 6800 km2, with final products expected in 4Q22.

The parties to the MoU will progress discussions with the view to signing final agreements to implement the Anchois Gas Development, with targeted Final Investment Decision in 2022 and first gas in 2024.

The Mugnetind discovery is estimated to contain recoverable resources between 5 and 11 million boe, which is not considered to be commercial in isolation.

Nabors will be the preferred drilling contractor for Chesapeake across its unconventional oil and natural gas assets in the US.

Three companies currently operating FPSOs on the UKCS have submitted detailed proposals to Orcadian.

Versal is an independent, secure, cloud-based, multi-client seismic data ecosystem where clients can easily access all their data and entitlements in one place.

As part of the transaction, Repsol has assumed responsibility for the day-to-day operation of the rig on the Yme field, leasing the rig from Havila Sirius on behalf of the Yme licensees.

A disruption at a gas well in Indonesia's Merakes gas field is likely to affect the project's production for as long as 6 months.