Upstream news

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.

The company has resumed work over activities and well interventions on OML 109 in Nigeria in order to enhance production from the Ejulebe marginal field.

Wildcat well 7321/8-2 S was drilled about 110 km north of the Johan Castberg field and about 310 km north of Hammerfest.

ExxonMobil faces a loss for the quarter of US$2.3 billion.

Logs and cuttings have identified hydrocarbons and a decision has been made to initiate coring.

Oil prices fell this morning, reversing some earlier gains of the week, as new record Covid-19 infections in the US worry traders.