Upstream news

Saudi Arabia’s NOC primed to become international energy powerhouse.

Atlas Oranto Petroleum is expecting to be investing close to US$350 million on pooling supply from stranded gas fields in Equatorial Guinea and the Gulf of Guinea.

The company has been informed of a successful drilling result and oil discovery at the Burnett 2B well in California, following on from the successful Burnett 2A well result announced on 11 March 2019.

The company has secured contracts in West Africa and the Gulf of Mexico.

The company has entered into an agreement with Mime Petroleum AS to divest 10% ownership interests in a total of six licenses across the Balder and Ringhorne fields on the NCS.

The company has announced the award of two contracts from Saudi Aramco for conventional projects in shallow water offshore Saudi Arabia.

The aim of partnership is to enable GA Drilling to successfully deliver its first commercial application for Oil & Gas industry.

Under the new contract, Vroon’s specialist subsea-support, walk-to-work unit, the VOS Start will deliver offshore logistical support to a planned maintenance campaign in the Dutch sector of the Southern North Sea.

The Company also provides an update on the repayment of funds owed to AAOG by Société Nationale des Pétroles du Congo ('SNPC'), the Congolese national oil company.

Exploration started with a bang in 2019 with a frontier discovery by a Total led joint venture at Brulpadda in South Africa, which follows the hugely successful play opening Liza discovery in Guyana in 2015 by an Exxon led JV.