Upstream news

Global oil demand is expected to reduce as a result of slowing economic activity and GDP growth cuts.

CNOOC announced that Luda 5-2 oilfield north phase I project and Kenli 6-1 oilfield 4-1 block development project have commenced production.

The project will boost production at the existing Maria field in the Norwegian Continental Shelf. The contract includes subsea trees, spools, jumpers, and flexible pipes.

The transaction will contribute to the optimisation of Maersk's fleet in line with the company's strategic priorities.

Production has started from the first two wells at the Roncador increased oil recovery (IOR) project, bringing daily production to approximately 150 000 barrels.

Eni announces new oil and gas discoveries in Western Desert for approximately 8500 boe per day.

The company's production guidance for the full calendar year 2022 is 7500 - 8600 bpd.

Schlumberger will provide Oilex with hydraulic fracturing services, coiled tubing and nitrogen services and perforation services for the planned re-frac of the Cambay C-77H well in Gujarat, India, in July 2022.

Earlier this month, IOG advised that it was pursuing a rapid solution to a mechanical fault on the Blythe topsides, which has has now been temporarily addressed.

A multidisciplinary Wood team will implement a combined production management system (PMS) and virtual metering system (VMS) at the Sangomar FPSO control room.