Upstream news

Strata-X Energy Ltd. has announced that the company’s Prospecting Licenses held in the Republic of Botswana, covering the Serowe CSG Project, have been re-issued until the end of 2025 opening the door to an active 2018 appraisal programme.

The ONZ-7 well on the Sebou permit in Morocco has been completed and tested.

Imaging efforts will focus on gaining a better understanding of the facies distribution of the Meramec, Osage and Woodford play intervals.

Three production wells are currently completed, and production is expected to ramp up through 2018.

The company has secured two contracts, comprising work from 2018 through 2020 on the Snorre, Troll, Njord, Åsgard, Bauge, Fenja and Dvalin fields.

The well results will be used to precisely estimate the reserves and plan the development of the discovery, in which PGNiG Upstream Norway holds a 20% interest.

The alliance will allow customers to streamline the resources involved in large data-driven deployments, and TARGET’s customers will be able to extract more value from their subsurface data via Quantico’s artificial intelligence capabilities.

Following consolidation of the former OIS Ltd decommissioning personnel into InterMoor, the decommissioning team have added four further wells to the 128 they have successfully abandoned for Operators in the North Sea since 1996.

Half of oil and gas fields are not producing to expectations when onstream, and a new Westwood study shows that this is mainly due to unexpected reservoir issues.

International specialist equipment and integrated engineering services company, Sparrows Group, has secured a three-year contract with Repsol Sinopec Resources UK Limited to provide crane management services across its operating assets in the North Sea.