Upstream news

The drilling programme for well 34/7-37 S concerns the drilling of a wildcat well in production licence 089.

ADM Energy PLC has formally submitted a bid with the Nigerian Department of Petroleum Resources (DPR) for a marginal field in the 2020 Marginal Field Bid Round.

The preliminary evaluation of the well results indicates that the Great Nooros Area gas in place can be estimated in excess of 4 trillion ft3.

The company has confirmed that it has been in discussions with a number of third parties, including Chrysaor, regarding alternative forms of transactions to secure the long-term refinancing of the Group’s debt facilities.

Khurais is Saudi Aramco's second facility, after the Uthmaniyah Gas Plant, to be included in the World Economic Forum’s Global Lighthouse Network.

Geo-data results from the engineering surveys will provide ONGC with the seabed and sub-seabed insights they need to develop key offshore infrastructure.

The contract covers Equinor's unmanned process platform at the Krafla field.

Firm contracted gas sales from the Karish project offshore Israel now total approximately 7 billion m3/yr.

Petrobras and SBM Offshore have started negotiations to contract the FPSO Almirante Tamandaré, which will operate in the Buzios field.

Oil prices have inched up today as the market has already priced in oil demand concerns and now awaits for the OPEC+ meeting.