Upstream news

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.

Centurion Law Group considers whether the Nigerian experience with marginal oilfield development had measurable success can be applied elsewhere.

The company’s report: ‘M&A in Oil and Gas’ reveals that falling revenues and rising debts compelled oil and gas companies to realign their strategic objectives and reshape their portfolios, leading to a large number of M&A deals.