Upstream news

The Concession award by the Supreme Petroleum Council (SPC), on behalf of the Abu Dhabi government, to the Abu Dhabi National Oil Company (ADNOC) and the Indian Consortium, is the first time that Indian oil and gas companies have been given a stake in the development of Abu Dhabi’s hydrocarbon resources.

Saltel ECP-W is a steel barrier in the annulus allowing to perform stage or off-bottom cementing operations during drilling and well construction phase.

Oil & Gas UK’s chief executive Deirdre Michie welcomes EY’s UK oil field services report, which shows the sector gearing up for growth but still dependent on industry maintaining its focus on achieving further recovery in 2018.

Angus Energy Plc, a conventional oil and gas production and development company, has successfully raised £2.0 million (gross) by means of a private placement with institutional and private investors.

Eagle will use the net proceeds from the sale of the Salt Flat Field to reduce outstanding debt under the secured term loan and to further fund its drilling program in North Texas. As at December 31, 2017, Eagle remains in compliance with all covenants under its loan agreement.

Production levels at the Seven Assets in February have continued to strongly increase, with month to date average production being 25.7 kboepd gross and 20.7 kboepd net, largely driven by increased sales to the Calabar NIPP which are supported by a World Bank Partial Risk Guarantee.

The release of Searcher’s technical dataset comes in preparation for the highly-anticipated Argentina Offshore Bidding Round 1, which is expected to be announced later this year.

The three month project, which commenced in February 2018, will see TWMA provide an at source drilling waste management package at the Orlando Field in the UK northern North Sea.

Weatherford International plc has announced the successful execution of a shallow-angle casing exit in Sakhalin Island, Russia, using the AccuView real time remote support system. This marks the first deployment of the AccuView system in the Russian Federation.

Subsea engineering analysis consultancy, AgileTek, has won the Small Company of the Year Award at this year’s Subsea UK awards. Winners were announced at a prestigious awards ceremony Aberdeen.