Upstream news

The company has announced the signing of a binding conditional agreement as it takes its next step in building its portfolio in SE Asia.

The company has announced that it has signed a rig contract for infill drilling on the Stag oilfield, located offshore Australia.

The project, which produces gas from the Giza and Fayoum fields, was developed as a deepwater, long-distance tie-back to an existing onshore plant.

This follows a change to section three of the Petroleum Safety Authority’s (PSA) framework HSE regulations, which now permits mobile units employed in petroleum activities on the NCS to be designed in accordance with relevant maritime requirements.

PD&MS has won a two-year contract extension with Shell UK, extending an existing partnership through to April 2021, and securing in the region of 50 full time jobs.

The survey will include the highly prospective Castberg area, and cover existing and newly awarded licenses in addition to open acreage with several play models in multiple geological layers.

Following the news of a major gas discovery in South Africa by Total SA, Jonathan Markham, Oil & Gas Analyst at GlobalData, offers his view on the find and the industry in South Africa.

The company has so far concluded contracts to drill 57 production wells, including 54 wells at Mishrif formation and 3 wells at Yamama formation.

The company has entered into a binding, conditional farm out agreement and a three-month exclusive option with Shell UK Limited.

The company has signed an agreement with Total E&P Namibia B.V., a wholly-owned subsidiary of Total S.A.