Upstream news
FWM launches new turnkey well operatorship division
The new product line marks an evolution for the established well engineering and management specialist and aims to provide end-to-end turnkey well operator support for the entire lifecycle of oil and gas wells.
Lloyd’s Register: Operators could save £15 million per asset by leveraging technology to identify unnecessary maintenance
The findings have identified room for improvement in the way maintenance is planned, highlighting the need for a consistent strategy across equipment groups, systems and production units.
Oil ticks down on crude stocks and Covid-19 fears
Oil prices are just below yesterday’s levels as everyone waits to see how crude stocks will evolve and amid fears of demand destruction by Covid-19.
Rystad Energy: Covid-19 may forever spoil Angola’s plans to rebuild its declining oil production
Because of the new market reality, Rystad Energy now estimates that instead of rebuilding Angola’s lost output by 2029, the country will likely never manage to produce at current levels again.
Vintage Energy to begin fraccing at Queensland discovery this week
The fracture stimulation of the Vali-1 ST1 well, which is to be followed by flow testing, is expected to commence on 12 July 2020.
Hurricane Energy announces drop in production at Lancaster field
Production from the Lancaster field was 1.3 million bbl in 2Q20, compared to 1.4 million bbl in 1Q20.
Acoustic Data awarded contract for wireless downhole data acquisition
The company will deploy its SonicGauge™ Wireless Monitoring System in onshore gas fields in Asia for a supermajor.
Equinor makes gas and condensate discovery near Kvitebjørn field
Preliminary estimates place the size of the discovery between 3 and 10 million m3 of recoverable oil equivalents. The licensees will consider following up the discovery in an overall assessment of the area.
Petrobras begins decommissioning Campos Basin platforms
Petrobras has started to decommission platform P-12 in the Campos Basin.
Jaguar E&P contracts Emerson to enhance onshore assets
Jaguar plans to utilise Emerson’s E&P software solutions for seismic and well data analysis amongst other areas.