Upstream project news

The biggest drop will come in the exploration for new reserves and in spending on development plans, while ongoing oilfield construction work continues largely as expected, data from Norway's national statistics agency showed.

The first phase of the exploration period at block 29/11 has been extended to 12 June 2022.

Exploration drilling is anticipated to commence at the Pensacola gas prospect in 2H21 and in 2022 at the Selene gas prospect.

The Semakovskoye field in the Yamal-Nenets Autonomous Area has recoverable gas reserves in excess of 320 billion m3.

KrisEnergy has attributed the suspension to the economic uncertainty generated by the Covid-19 pandemic and the current state of oil prices.

El Salmiyah-5 was spudded on 3 February 2020, and reached total depth of 4400 m MD on 17 April 2020.

Siemens Gas and Power is to supply three SGT-300 industrial gas turbine generators (GTG), three mechanical-drive SGT-300 gas turbines and three DATUM centrifugal compressors.

Proserv has been commissioned by Independent Oil and Gas (IOG) to provide a complete subsea controls system for IOG’s Core project phase 1 development.

Simmons Edeco supplied drilling and completion services for Newpek on a recently acquired concession in the Trevino oilfield, in the Burgos Basin in the state of Tamaulipas in northeastern Mexico.

Turkey may begin oil exploration in the eastern Mediterranean within three or four months under a deal it signed with Libya.