Upstream news

The mean prospective resources associated with the Westphalian target area are estimated to be 3.95 million bbl, with an upside case of 6.69 million bbl.

The deal will see Tendeka supply sand-face completion equipment to a number of Mubadala Petroleum's fields in the Gulf of Thailand.

Churchill Drilling Tools and US based expandable tubular well specialist Mohawk Energy have joined with Coretrax under its new brand, with a unified offering designed to improve production performance and well intervention efficiencies.

The company has said it is working with joint venture partners towards reaching an FID for the Etinde field in late 2020.

The project in the Mexican sector of the Gulf of Mexico is scheduled to commence in 3Q20 and will take approximately 60 days.

Equinor has said the North Sea field is on course to reach plateau production for the first phase in early May, earlier than anticipated.

Whitebark Energy has terminated an agreement to acquire the residual 40% interest in the Wizard Lake oilfield in Canada.

Teekay Corp. has entered into a new bareboat charter contract with Britoil Ltd, a subsidiary of BP, for the Petrojarl Foinaven FPSO unit for up to approximately 10 years.

The company has terminated its operations in Venezuela.

Siccar Point and Shell UK had been planning to bring the project to a Final Investment Decision (FID) in 3Q20.