Upstream news

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. 

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 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.

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.

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.

Production from the Lancaster field was 1.3 million bbl in 2Q20, compared to 1.4 million bbl in 1Q20.

The company will deploy its SonicGauge™ Wireless Monitoring System in onshore gas fields in Asia for a supermajor.

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 has started to decommission platform P-12 in the Campos Basin.

Jaguar plans to utilise Emerson’s E&P software solutions for seismic and well data analysis amongst other areas.