Upstream news

Reveal Energy Services announced today the company has validated more than 2500 hydraulic fracturing stages throughout the US with its simple, accurate, affordable pressure-based fracture maps.

The International Marine Contractors Association’s (IMCA) Capt Andy Goldsmith, Technical Adviser – Marine, will be speaking on crucial aspects of Dynamic Positioning (DP) at the European DP Conference in London on 6 February.

The first export cargo of Catcher oil of approximately 500 000 bbls was lifted yesterday, earlier than anticipated, and has been sold at a premium to Brent.

Throughout the year, ExxonMobil has announced a number of discoveries, acquisitions and exploration activities in various countries, including Brazil, Cyprus, Equatorial Guinea, Guyana, Mauritania, Papua New Guinea, Suriname and in the United State's Gulf of Mexico.

The new backstop designs have been designed in response to date collected from customer visits, product inspections and in-house tests.

The initial phase of the deepwater project consists to two development wells in Keathley Canyon 829 and a six mile subsea tieback to the Lucius plat form at Keathley Canyon 875.

Drilling leases for vertical and horizontal wells have been completed and the Ensign 965 Drill Rig has begun to arrive at PEL96 of the Southern Cooper Basin.

Aker Solutions have been awarded contracts from Statoil to provide subsea production systems offshore Norway, in the North and Barents Sea. Both orders include installation and commissioning support services.

The ONZ-7 well was drilled to a total depth of 1167 m with five m of net conventional natural gas pay in the Hoot formation. The well came in on prognosis but reservoir quality exceeded initial expectations, encountering porosity in the pay section of 35.3%.

Independent petroleum engineers, DeGolyer & MacNaughton, have completed their comprehensive reserve appraisal of the Company’s hydrocarbon reserves as of 31 December 2017.