Upstream news

Subject to regulatory approval, JDR Cable Systems is set to be acquired by TELE-FONIKA Kable.

WorleyParsons has been awarded the project management and front end engineering and design (FEED) services for the offshore oil and gas facilities portion and the onshore upstream and downstream pipelines portion of Saudi Aramco’s Marjan Oil Field Development Program.

In recent weeks, upstream North American markets have recovered more strongly than formerly anticipated. Higher levels of frack fleet utilisation and significant tightening of industry capacity are both benefiting the Group’s Oil & Gas division.

Nature Group, the oil, gas and maritime waste collection and treatment company, has secured a five-year contract with Maersk Oil in the Central North Sea.

The Board of Ascent Resources plc, the European focused oil and gas exploration and production company, has provided an update on progress with its Petišovci project in Slovenia.

Centrica plc and Stadtwerke München GmbH have reached an agreement to combine Centrica’s European oil and gas exploration and production business with Bayerngas Norge AS.

Providence Resources has provided an update on Licencing Option 16/27 in the Porcupine Basin, offshore Ireland.

The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 7220/11-4 A, cf. Section 8 of the Resource Management Regulations.

Waitsia-4 was spudded on 10 July 2017 and is forecast to take approximately five weeks in total to complete.

The discovery was made in the Blåmann well, between the Snøhvit and Goliat fields in the Barents Sea. Recoverable volumes are estimated at 2 - 3 billion standard m3, approximately 10 - 20 million boe.