Upstream news

The primary objective of the agreement is the potential acquisition of an onshore oil production licence last producing at a rate of approximately 300 bpd from the Mengo formation as recently as 2019.

Andrew Lewis and Bruce Karr, Fairfield Geotechnologies, USA, consider the emerging role of multi-client seismic data in unconventional asset development and exploration.

Equinor has, on behalf of the licence partners, awarded Apply a framework agreement for engineering and installation services on the North Sea Statfjord field.

After seeing a recovery in service costs and an increase in activity over the last few years, the 2020 market volatility will again challenge the short-term demand for many oil field service products and solutions.

ABB to deliver complete electrical, control and telecommunication solutions to drive efficiency and productivity for a new floating production, storage and offloading (FPSO) vessel.

Saipem is to install a rigid riser-based subsea system to serve the Búzios pre-salt project offshore Brazil.

The latest issue of Oilfield Technology begins with a review of the Asia upstream sector.

After modelling the effect of a wider ‘second wave’ scenario, Rystad Energy has found that global oil demand in 2020 could be knocked down to 86.5 million bpd, compared to its current base-case estimate of 89 million bpd.

Sasol was awarded Block 16/19 in 2005.

The survey extends Hammerfest Basin coverage further west and north into the southern Loppa High, with first data available in 4Q20.