Upstream news

The commerciality of India’s deepwater and ultra-deepwater developments has been positively affected by the continuing low costs in the service sector.

The Norwegian Petroleum Directorate has granted Faroe Petroleum Norge AS a drilling permit for well 31/7-3 S, cf. Section 15 of the Resource Management Regulations.

An Aberdeenshire based firm of integrity management experts, PIM, has developed PIM Optimum, a smart integrity management solution.

The ways in which subsea supply chain companies can work together to improve the competitiveness of the UK Continental Shelf (UKCS) will be explored at an event in Aberdeen next month.

Crude delivered by rail from the Bakken is expected to grow from an average of 230 000 bpd this year to about 300 000 bpd in 2019 as production growth fills available pipeline capacity.

Triangle’s Managing Director Mr Rob Towner said the farmin to the Mt Horner L7 Production Licence further demonstrates the company’s strategy of growth in the Perth Basin.

Equinor and the Johan Sverdrup licence have awarded a jacket contract for the processing platform for Johan Sverdrup phase 2 to Kværner. The contract value is around NOK 900 million.

The Heads of Terms is for the use of the CTF-4, a 2000-horsepower onshore rig, or equivalent drilling rig, for the drilling of the Salloum West-1 well located in the Sfax Offshore Exploration Permit.

The company has announced that the Oil and Gas Authority (OGA) has approved the Field Development Plan (FDP) for the North Sea Columbus Development.

The company has received follow-up orders from its contract partner, the Norwegian service company Aibel, that are to tie in with phase 1 of the Johan Sverdrup oil field project.