Upstream news

CGG Multi-Client & New Ventures have been applying seismic technology in the Delaware Basin to overcome the challenge of a near-surface evaporite formation.

Rystad Energy chief oil market analyst Bjørnar Tonhaugen has warned of a clear risk of a slower restart of oil production from Saudi Arabia following last week's drone attack, despite optimistic guidance from Saudi Aramco on Monday.

Europa will be assigned a 75% interest in, and operatorship of the licence, located in the Agadir Basin.

Brazil’s recent pre-salt rounds have attracted majors, with BP, ExxonMobil, Royal Dutch Shell, and Statoil all now operators.

The contract is to support Al Dhafra Petroleum's operations at Haliba field, located onshore along the south-east border of Abu Dhabi.

Wood Mackenzie research director, Angus Rodger, said that he expects strong interest in the assets from Australian companies.

The work scope, valued at a seven figure sum, includes the inspection of infrastructure on five manned platforms and multiple unmanned satellite platforms.

The report has also found that that only 39% of asset managers already implement advanced digital methods of maintenance and risk management, of which 26% are using risk-based inspection (RBI) and 13% are using reliability centred maintenance (RCM).

The agreement establishes a foundation for future collaboration between Weatherford and Saudi Aramco.

The technology will help oil production companies, especially operating in cold climate regions, overcome the challenges associated with the transportation of waxy crude oils and the mitigation of wax deposition.