Upstream news

The Skogul field is located in the immediate vicinity of the Vilje field, in which PGNiG Upstream Norway has a 24.24% share.

The Rowan Norway mobile facility will be used for the plugging and abandonment of six wells in the Ekofisk field.

The Mako field's 2C (contingent) recoverable resource estimates have been increased to 495 billion ft3, an increase of approximately 79% compared with a 2019 audit.

The rig time was reduced from seven days on a conventionally drilled well to four days using Neodrill's CAN technology.

Eigen and Wintershall Dea have extended their partnership to deploy the principal integration, visualisation and management platform for production engineers at the oil and gas company’s Brage oilfield.

Profit after tax (PAT) for 1Q20 stood at RM4.5 billion (US$1.03 billion), 68% lower than the RM14.2 billion posted in 1Q19.

The 900 km2 survey provides increased resolution and sharper imaging of prolific Upper Cretaceous plays in Ivory Coast block CI-706.

The license holders of the Duyung PSC are now Conrad Petroleum (76.5% operated interest), Coro (15% non-operated interest) and Empyrean Energy (8.5% non-operated interest).

Shell is the operator of the block with a 45% stake, along with Chevron, also at 45%, and Ecopetrol, with 10%.

Oil prices fell today as traders corrected the high levels that consecutive boosts created in previous days.