Upstream news

The investment will be used to drive sales expansion and to bring to market additional artificial intelligence-enabled solutions, including methane detection.

2018 stands already as the best year for global oil and gas exploration since 2015. Guyana, Russia and the United States top the list with major discoveries.

Following production cuts mandated by Alberta’s Premier in early December 2018, Adrian Lara, Senior Oil and Gas Analyst at GlobalData, offers his view on the impact on the upstream sector.

Production has started from the Aasta Hansteen gas field. The deep-water gas development is located in the northern part of the Norwegian Sea, 300 km from the mainland of Norway and in water depths of 1300 m.

Sector enters the new year prepared to capitalise and build.

The company has announced that it has completed the drilling phase of the A39 #1 well in its Orogrande Basin drilling programme with operator Maverick Operating and drilling partner Wolfbone Properties.

The Norne field is in production licence 128 in the Norwegian Sea, around 300 km west of Sandnessjøen and 200 km from the Helgeland coast.

The company has announced that more than 200 bbls were recovered from the legacy vertical well 16a at its West Rustavi permit during a 10-hour flow period.

The company will provide helicopter services in support of OMV’s forthcoming drilling programme at the PL 644 field in the Norwegian Sea.

The company has confirmed its readiness to continue the operatorship in the Bongkot gas field and to become the operator in the Erawan field starting from 2022.