Upstream news

Polarcus Limited has announced that the Company has received a Letter of Award for an XArray 3D marine seismic acquisition project in Asia Pacific.

An average capital expenditure (capex) of US$17.8 billion per year will be spent on 336 oil and gas fields in Southeast Asia between 2018 and 2020, according to GlobalData, a leading data and analytics company.

Comet Ridge Limited has advised that Easternwell’s Rig 101 is expected to be released from its present operations over the next several days, and begin its move to the Albany 1 location in the north-eastern Galilee Basin. 

PetroMarker announces that it has obtained industry support to acquire a 3D vertical multi-client EM project in the Northern North Sea.

Ardyne, the provider of innovative plug and abandonment and slot recovery technology, has been selected by Statoil for the design and development of a combined casing vibration and pulling system.

Up to 2400 Statoil workers are starting to mobilise for the hook-up and completion of the Johan Sverdrup field in the North Sea.

Sub-Saharan Africa’s gas production will grow by 18% by 2021 to 9.1 billion cubic feet per day. Nigerian National Petroleum Corporation will drive Sub-Saharan Africa’s gas production with 34.2% share of all the production in 2021. Royal Dutch Shell Plc and Eni SpA follow with 10.4 and 7.8% respectively, according to GlobalData, a leading data and analytics company.

TMC Compressors of the Seas (TMC) has signed two contracts to supply a total of five marine compressors to a FSRU that Hyundai Heavy Industries is building for Swan Energy Ltd.

Aker BP ASA, operator of production licence 790, has concluded the drilling of wildcat well 34/2-5 S. The well is dry.

The scope of Russia’s profit-based tax (NDM) pilot scheme will still be limited in the context of Russia’s upstream sector, according to GlobalData, a leading data and analytics company.