Upstream news

Global subsea equipment specialists, Ashtead Technology, has strengthened its leadership team with the appointment of Steven Thrasher as regional vice president for the Americas.

As part of the Argentina’s Gas y Petróleo del Neuquén’s (GyP) 5th bidding round, Statoil has been awarded the Bajo del Toro Este exploration license as operator in the Neuquén basin.

Otto Energy Limited has announced that the Ensco 68 independent leg jack-up drilling rig arrived on location at South Marsh Island Block 71 and is now pre-loaded and jacked up to working height over the SM 71 F platform.

Group production averaged 35410 boe/d in the 10 months to end October 2017.

The MoU supports Saudi Aramco’s In-Kingdom Total Value Add (IKTVA) initiative, which is part of the Kingdom’s Vision 2030 plan.

The Iris/Hades (Aerosmith) well is located in the Halten Terrace, some 200 km offshore in the Norwegian Sea and adjacent to the producing Morvin and Aasgard fields.

Lundin Norway AS, operator of production licence 533, is in the process of completing the drilling of wildcat wells 7219/12-2 S and 7219/12-2 A.

Cabot Energy has provided the following update on the company's production and announces the appointment of a new Executive Director to the board.

The well is anticipated to take 20 - 25 days to drill and complete. If successful the well is anticipated to be completed, flow tested and connected to the existing infrastructure.

The president of Bolivia, Evo Morales, and Repsol president Antonio Brufau held a meeting in Bolivia, during which they agreed that the exploration of the Iñiguazú field will be carried out by a consortium led by Repsol.