Upstream news

Fugro’s field campaign will run from July until August and entails a seabed survey, an environmental survey and a soils investigation.

Oil prices are on the rise today but the pandemic is hitting India hard and US crude stocks are forecast to build again.

The company has signed the deal with Omni Offshore Terminals, which could last for up to 11 years.

The StrataXaminer tool delivers high-resolution images of the reservoir structure to identify bedding, fracture patterns, fault zones and potential flow barriers with increased accuracy.

Overall, Gardner Denver was placed in the top five performing companies in the survey, conducted by EnergyPoint Research.

The company is targeting first oil of 4000 bpd from the field, offshore Nigeria, in 2H21.

Working with a global energy producer, UK manufacturer Amazon Filters held a series of successful tests of its recently launched SupaSpun KilBac and SupaGard Kilbac filters.

The reimaged seismic data set, covering over 9300 km2, will be accessible to oil and gas companies wishing to evaluate acreage and assess the potential of the Agata block in the Santos Basin.

The Uaru-2 discovery will add to the gross discovered recoverable resource estimate for the block, which is currently estimated to be approximately 9 billion oil-equivalent barrels.

Last year's production was over 75% less than the state’s peak production of more than 2 million bpd in 1988.