Upstream news

Over the last year, Zenith has acquired assets in Tunisia and in the Republic of the Congo.

Equinor and its licence partners are aiming to increase the recovery factor from the North Sea Statfjord Øst field from 56% to 62%.

ADNOC has awarded the exploration rights for Abu Dhabi’s Offshore Block 3 to a consortium led by Eni Abu Dhabi B.V. and PTTEP MENA Ltd.

Perseverance #1 is targeting P50 prospective oil resources of 0.77 billion bbl, with an upside of 1.44 billion bbl.

Barra Energia is leaving the joint venture in which it had a 50% stake.

Preliminary estimates place the size of the discovery between 75 million and 200 million bbl of recoverable oil equivalent.

Oil prices declined on Tuesday as the market ignored news of the US stimulus deal, focusing on the new Covid-19 strain setback.

The agreement is for the supply of between 2000 and 4000 bpd from the Ohaji South Field in Nigeria.

Weir Oil & Gas Dubai will supply and install 1800 sets of wellheads and trees for PTTEP in the Gulf of Thailand.

The four-month campaign will cover two areas totalling 2800 km2 in the Arabian Sea off the west coast of India.