Upstream news

The work programme at Norio, which consists of eight workovers and one sidetrack, is targeting a 25-fold increase in production to 250 bpd by H1 2019. Norio has gross oil reserves of 1.631 million bbls.

Following recent announcements of Eni S.p.A.’s acquisition of new exploration acreage in Bahrain, the UAE and Oman, Will Scargill, Senior Oil & Gas Analyst at GlobalData, offers his view on their place within the company’s wider strategy.

In November last year, UK-based Corallian Energy revealed its plan to commence a two-well work programme, starting with the drilling of the Wick well, followed by drilling of Colter scheduled for Q1 2019.

Prospex holds a 17% interest in Selva, which sits within the 331 km² Podere Gallina Exploration Permit (the ‘Podere Gallina’) in the Po Valley region of Italy.

The SRM-3 well at South Ramadan (SDX 12.75% working interest and non-operator), reached a target depth of 15 635 ft.

The signing took place by H.E. Sh. Mohamed Bin Khalifa Al Khalifa, Minister of Oil of Bahrain and Chairman of the board of directors in NOGA, and Claudio Descalzi, Chief Executive Officer of Eni.

The company has announced that the Company and Rockies Standard Oil Company, its joint venture partner has successfully participated in the December 2018 Bureau of Land Management Utah lease sale.

The companies have entered into an Exploration and Production Sharing Agreement (EPSA) for Block 47 with the Government of the Sultanate of Oman.

Europa Oil & Gas (Holdings) plc has provided its investors with the following update on its portfolio of multistage licences offshore Ireland and onshore UK.

ProSep, the technology and service provider for integrated process solutions to the global energy industry, has announced Raul Gonzalo as its new Regional Sales and Service Manager in the Middle East.