Upstream news

The operator of the HH-1 Kimmeridge Limestone and Portland Sandstone oil discovery, has announced that Portland oil production has been re-established from the Horse Hill-1 well in which the company has an 11.765% interest.

Having the best equipment for the task in hand is essential, but maintaining it to ensure it always delivers is arguably even more important, as John Curno of Bosch Rexroth discusses.

As a result of the work conducted to date on the Licence, including the successful drilling of the TLP-103C well, SNPC owes approximately US$10 million to AAOG in respect of SNPC’s share of the total costs.

Following the announcement by Indonesia's upstream regulator SKK Migas on a gas discovery in Indonesia, Wood Mackenzie's research director Andrew Harwood provides commentary.

The vessel and crew will support Neptune Energy B.V. with its IRM campaigns on the Dutch Continental Shelf from March 2019 until 2021.

The company plans initially to use net proceeds to reduce outstanding borrowings under its revolving credit facility.

The company, which is the operator of production licence 248 C, has completed the drilling of wildcat well 35/11-22 S.

The project is Valvoline’s first plant in China. Fluor booked the undisclosed contract value in the fourth quarter of 2018.

Agreement will provide proppant to industry leader.

The company has exercised an option for the purchase of a second newbuild Gusto MSC CJ46 design jackup rig from the PaxOcean Group for US$83.75 million.