Upstream news

The company is making design and location arrangements for the first exploration well, which will ascertain the production potential of the licence in Ras Al Khaimah Emirate where PGNiG operates.

Eriell Group and Uzbekneftegaz JSC have put into commercial operation seven new gas wells in the Kashkadarya and Bukhara regions, as well as in the Republic of Karakalpakstan.

COSL will be the exclusive provider of semi-submersible drilling rigs for OKEA’s Norwegian Continental Shelf operations.

Located in water depths from 600 to 1200 m and about 150 km from the Angolan coast, Zinia Phase 2 resources are estimated at 65 million barrels of oil.

According to GlobalData, smaller operators will need government intervention to incentivise carbon capture to promote investments, because these companies will have to expend relatively more resources to lower their emissions as compared to oil giants.

Sercel and Low Impact Seismic Sources (LISS) have entered into exclusive negotiations for the acquisition of LISS by Sercel.

Committed gas investments in MENA for the period 2021-2025 are expected to total US$75 billion – US$9.5 billion less than the previous outlook.

Aker BP will adopt FutureOn’s digital twin software to digitise their workflows.

Angola’s National Oil, Gas and Biofuel’s Agency has officially opened blocks for licensing in the Onshore Lower Congo Basin and the Onshore Kwanza Basin.

NEO will seek to reduce the carbon intensity per barrel of oil equivalent produced by its portfolio by 50% by 2030.