US upstream news

The Acquired Assets produced approximately 19 thousand barrels of oil equivalent per day (MBoe/d) during 3Q19.

In Houston, READ now operates from a 9000 ft2 facility in a highly accessible area of the city, comprising offices, a technical workshop, a laboratory and warehouse storage, while the company has relocated to a new and improved customer support office in Anchorage.

In the upstream business, approximately US$11 billion is forecasted to sustain and grow currently producing assets, including about US$4 billion for Permian unconventional development and about US$1 billion for other international unconventional development.

Part of the company's 10-year plan includes a free cash flow of approximately US$50 billion based on a real WTI price of US$50/bbl and annual capital expenditures averaging less than US$7 billion over the decade.

Garcia recently served as Executive Vice President and Chief Financial Officer at Visteon Corporation, a leader in automotive cockpit electronics, and served as a board member of Keane Group, a pure-play provider of integrated well completions.

2000 abstracts have been received, 300 of which will be selected to be presented as papers and posters at the Congress in December 2020.

The company’s latest report, ‘Haynesville Shale in the US, 2019’, reveals that the increasing natural gas production from the Haynesville Shale play will propel it as the main supplier to LNG operations along the US Gulf Coast (USGC).

The FPSO will be chartered for 21 years and deployed in the Búzios field in the Santos Basin, offshore Brazil.

The Aberdeen headquartered company’s ‘Active’ technology enhances its FiberLine Intervention (FLI) distributed sensing capability with an add-on package of electronic and optical sensors that capture single-point readings along the wellbore.

The transaction covers all of Equinor’s interests in the Eagle Ford Joint Venture (JV) with Repsol, covering 69 000 net acres. Following this transaction Repsol will have a 100% interest in the asset.