Upstream news

The company has announced that Petrobras awarded two of the Company’s ultra-deepwater drillships, the Ocean Rig Corcovado and Ocean Rig Mykonos, with a 629-day contract and 550-day contract, respectively.

The company has entered into an agreement to acquire 70% of the Maromba field offshore Brazil for a total acquisition cost of US$90 million from Petrobras.

Empyrean had announced that the Ministry of Energy and Minerals in Indonesia has approved the plan of development (POD) for the Mako Gas Field at the Duyung PSC in Indonesia.

Users of low voltage variable speed drives (VSD) can now keep processes running, test new applications or prove predicted energy savings before purchase, through a leasing programme provided by the ABB authorised value provider network.

To improve domestic energy security, the country unveiled further reforms in 2018, which have prompted interest from international investors. However, translating this into tangible production increases will be the next challenge, says GlobalData.

As the company enters its 57th year, the new facility in Villahermosa, Tabasco is part of the company’s efforts to continue to expand its presence in Mexico’s burgeoning oil and gas market.

The Colter well (98/11a-6) was drilled as a vertical well with the Ensco-72 jack-up rig and reached a total depth of 1870 m MD in the Sherwood Sandstone.

The company has announced a new multi-client onshore 3D seismic project, South Hackberry 3D, located on the east flank of the Anadarko Basin in Garfield, Kingfisher and Logan Counties, Oklahoma.

The result is in line with PTTEP’s expectation and will be incorporated into development planning of Cash-Maple field which contains 3.5 trillion ft3 of resources.

United Oil & Gas Plc has provided an operational update on the P1918 licence in the Wessex Basin and specifically the Colter appraisal campaign which has included the Colter North and the new Colter South prospects.