Upstream news

The company proved reserves totalled 24.3 billion boe at year-end 2018.

The organisation, which employs 41 members of staff, took on the new employees as part of a significant investment programme in people and equipment, after it successfully secured and executed 28 contracts in 2018.

The company has provided an update on operations at its Balcombe, Brockham and Lidsey oil and gas assets.

Pauline McCann is now sales director after serving as sales manager for seven years.

Australasia and Indian subcontinent most attractive in the region for investors.

The company is aiming to improve asset performance for operators through a new approach to well diagnostics.

The company has confirmed its readiness to play a key role in carrying on the continuity of natural gas supply from the two major fields.

The contract award is for engineering, procurement, construction and installation services in the Marjan field, offshore Saudi Arabia.

From first production at the development, Equinor plans to use seafloor based seismic cable permanent reservoir monitoring (PRM) technology to observe what is happening in the reservoir over time to help maximise recovery rates.

LO16/20 includes the Company’s flagship Inishkea prospect which lies immediately to the north west of, and abuts, the producing Corrib gas field in the Corrib Field Petroleum Lease Area.