Upstream news

Block 70 is an onshore block that includes the shallow undeveloped Mafraq heavy oilfield, located in the middle of the Ghaba Salt Basin.

The agreement is for the long term supply of a total of 155 petajoules of natural gas from the West Erregulla gas field in Western Australia.

Recoverable resources are estimated to be in the range of 2-6 million m3 of oil equivalent, corresponding to 13-38 million boe.

C-Innovation has acquired the controlling interest in Caltex Oil Tools, which provides equipment rentals, services and customised engineering capabilities to the offshore industry.

The contract will see ProSep provide seven of its Annular Injection Mixers (AIM) at the operator’s gas and oil separation plants located in one of the world’s largest oilfields.

The two companies are to construct an oil well stimulation vessel as part of the agreement.

The Jinzhou 25-1 oilfield 6/11 area is expected to reach peak production of approximately 16 500 bpd in 2023.

Wintershall Noordzee is currently finalising the hook-up activities to the D12-B production platform, from where the produced gas will be transported via the Neptune Energy-operated D15-A production platform, through the NGT gas transportation system to shore.

Oil prices declined on Monday as Covid-19 infections continue to increase and on key market participants’ pessimism.

The API has responded to the Trump administration’s announcement to extend the existing offshore moratorium in the Eastern Gulf of Mexico to include additional areas off the Atlantic Outer Continental Shelf (OCS) through the year 2032.