Upstream news

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.

The total amount of the operation is US$ 54.5 million and will be paid on the closing date of the deal.

The Tetra Hedronderrick barge has de-mobilised off location after successfully placing the jacket and decks over the SM 71 F1 well (drilled in 2016) and securing the structure with pilings.

Transocean Norway Operations AS with the drilling rig Transocean Arctic is awarded the contract to drill production wells at the Dvalin field in the Norwegian Sea.