Upstream news

From 1 May, foreign firms registered in China with net assets of 300 million yuan (US$43 million) will be allowed to take part in oil and gas exploration and production.

Ahead of any new exploration and drilling the government of South Sudan has committed to conducting an environmental audit.

Mexico's President Andres Manuel Lopez Obrador made the announcement at a press conference this week.

The survey commences at the end of 1Q20 and is expected to be completed in 2Q20.

The licences to be sold to RDG GmbH contribute about 1000 boe/d to Wintershall Dea’s production, approximately 2% of the company's daily production in Germany.

The FPSO will allow for the integration of potential future development phases, including gas export to shore and future subsea tie-backs.

The purpose-built data flow simultaneously captures historical project information and expert opinion from multiple sources.

Talos is the operator of Zama, located offshore Mexico, and holds a 35% working interest in Block 7 in a consortium with its partners Sierra Oil & Gas, a Wintershall DEA company, and Premier Oil plc.

With the approval of the EIA, Strata-X has the clearance to drill and test up to 75 additional wells covering 3 prospecting licenses within the high-grade area of the Botswana CBM fairway.

Based on extensive mapping of the underground the remaining potential of the Statfjord area is still considerable, according to Equinor and its partners.