Upstream project news

While net pay was lower than pre-drill forecasts, the company has said that the 27 degree API oil supports the significant potential of the Cretaceous play on both the Kanuku and adjacent Orinduik licences.

Under the terms of the agreement, Apache and Total will each hold a 50% working interest in Block 58, which comprises approximately 1.4 million acres in water depths ranging from less than 100 m to more than 2100 m.

The Leviathan field was discovered in 2010, and the initial development phase was sanctioned in 2017.

The new contract award, under a 10-year Framework Agreement signed in 2017 with PDO, is an Engineering, Procurement and Construction Management (EPCM) services contract for the Mabrouk North East Development Project in Oman.

Equinor and Rosneft have taken an investment decision on the first stage of the North Komsomolskoye full field development.

The country's Ministry of Mines and Hydrocarbons is expecting direct investment of a minimum of US$1.4 billion; a firm US$1.2 billion and a contingent forecast of US$273 million predicted for 2020, associated with the drilling of two wells and the continuous development of six existing wells.

The study will cover an area of approximately 80 000 km2 of the offshore Niger Delta and will incorporate around 150 cores from the seabed.

The production of oil from Layang is estimated at approximately 3000 bpd, and an estimated 10 000 boe/d with natural gas combined.

The study, known as a SeepHunter campaign, includes the results of 342 conventional cores and 29 jumbo piston cores and heat probes.

The progress into the Pikka field’s FEED phase is subject to approval from joint venture partners and the finalisation of required third-party agreements.