Upstream project news

The company is making design and location arrangements for the first exploration well, which will ascertain the production potential of the licence in Ras Al Khaimah Emirate where PGNiG operates.

Eriell Group and Uzbekneftegaz JSC have put into commercial operation seven new gas wells in the Kashkadarya and Bukhara regions, as well as in the Republic of Karakalpakstan.

COSL will be the exclusive provider of semi-submersible drilling rigs for OKEA’s Norwegian Continental Shelf operations.

Located in water depths from 600 to 1200 m and about 150 km from the Angolan coast, Zinia Phase 2 resources are estimated at 65 million barrels of oil.

Committed gas investments in MENA for the period 2021-2025 are expected to total US$75 billion – US$9.5 billion less than the previous outlook.

Aker BP will adopt FutureOn’s digital twin software to digitise their workflows.

NEO will seek to reduce the carbon intensity per barrel of oil equivalent produced by its portfolio by 50% by 2030.

At completion, Ruby is expected to have the capacity to produce up to 16 000 gross bpd of oil and 80 million gross standard ft3/d of natural gas.

The platform will be the ninth unit to operate in the field, in the Santos Basin pre-salt.

The first phase of the company's Morocco drilling campaign will consist of three appraisal/development wells, targeting an estimated total of 1.3 billion ft3 of P90/1.8 billion ft3 of P50, gross unrisked prospective recoverable resources in the Gharb Basin.