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16 Dec 19
SOCAR Petrofac JV secures project management services contract with BP
Petrofac, in a joint venture with the State Oil Company of the Republic of Azerbaijan (SOCAR), has secured a Project Management Services contract to support BP’s operations in Azerbaijan and Georgia. The three-year contract will support both onshore and offshore activity for BP operated projects in the Caspian Sea area.
16 Dec 19
Australia: Triangle Energy returns CH-13 well to production at the Cliff Head oil field
Triangle Energy has returned the CH-13 well to production at the Cliff Head oil field in the Perth Basin. The steady-state production rate for the field is currently 970 bopd with the CH-13 well producing 150 bopd. Field total production will be optimised over the coming month and is expected to exceed 1000 bopd.
16 Dec 19
Trinidad: Touchstone announces significant oil discovery at Cascadura in the Ortoire exploration block
Touchstone Exploration has made a significant crude oil discovery with the Cascadura-1ST1 well on the Ortoire exploration block, onshore in the Republic of Trinidad and Tobago.
16 Dec 19
Mauritania/Senegal: BP drilling campaign confirms potential of gas resources offshore Mauritania and Senegal
BP has announced that its recent three-well drilling campaign offshore Mauritania and Senegal has further confirmed the world-class scale of the gas resource in the region. Three appraisal wells drilled this year, GTA-1, Yakaar-2 and Orca-1, targeted a total of nine hydrocarbon-bearing zones. The wells encountered gas in high quality reservoirs in all nine zones.
16 Dec 19
Norway: Equinor announces new multi-billion agreements for safety and automation systems
A new compensation format will help improve efficiency as Equinor awards new framework agreements for safety and automation systems with five suppliers. The framework agreements cover operation of all the company’s installations on the Norwegian continental shelf (NCS) and onshore plants in Norway. They may also be used by the company’s international activities and for new development projects.
16 Dec 19
Equatorial Guinea: ExxonMobil granted extension for offshore Blocks EG-06 and EG-11
The Ministry of Mines and Hydrocarbons of Equatorial Guinea has granted ExxonMobil a six-month extension for offshore blocks EG-06 and EG-11. Located next to legacy oil-producing Block B, the licenses are considered highly prospective acreage.
16 Dec 19
Peru: PetroTal completes second horizontal well and achieves new record production at Bretana oil field
PetroTal has successfully completed the 5H well, the Company's second horizontal well in the Bretana oil field. The Bretana oil field reached new record production of over 9,000 BOPD, currently with just two of the six wells online.
16 Dec 19
Australia: Oilex announces extension for acquisition of Cooper-Eromanga licences from Senex Energy
Oilex has announced that the date for the satisfaction of the conditions precedent in regard to the acquisition of 27 Petroleum Retention Licenses (PRLs) in the Cooper-Eromanga Basins from Senex Energy and certain of its related entities has been extended by two months to 29 February 2019.
16 Dec 19
Shell signs innovative USD 10 billion revolving credit facility
Royal Dutch Shell has signed a USD10 billion revolving credit facility. The new facility replaces Shell’s existing USD8.84 billion revolving credit facility and is provided by a syndicate of 25 banks.
16 Dec 19
Australia: Beach Energy announces succesful flow test at the Beharra Springs Deep-1 well in the Perth Basin
Beach Energy has completed flow testing at the Beharra Springs Deep-1 gas discovery in licence L11 in the Perth Basin. The flow testing demonstrates similar well productivity characteristics to the Waitsia-3 and Waitsia-4 wells. The well is expected to be tied into the existing Beharra Springs gas facility by the end of 2020.
15 Dec 19
Norway: Johan Castberg partners ditch plans for ship-to-ship oil transfer terminal for oil export
The Johan Castberg partners, consisting of Equinor, Var Energi and Petoro, have studied a possible development of a downscaled ship-to-ship oil transfer terminal at Veidnes in Finnmark county in North Norway, and have concluded that the costs of constructing a terminal will be too high.
15 Dec 19
GoM: W&T Offshore announces acquisition of oil-weighted producing property in the Gulf of Mexico
W&T Offshore has completed an oil-weighted producing property acquisition from ConocoPhillips which is comprised of a 75 percent working interest in and operatorship of the Magnolia field in the central region of the deepwater Gulf of Mexico, offshore Louisiana, at Garden Banks Blocks 783 and 784 for USD 20.0 million.
15 Dec 19
Congo Brazaville: PGS data supports ongoing Congo Basin licensing
PGS data from the offshore Congo coastal basin supports the Republic of Congo ‘open door’ policy for exploration and production opportunities. The Republic of Congo has started an ongoing promotion of all open blocks, including five blocks in the interior Cuvette basin and ten blocks in the Congo coastal basin.
15 Dec 19
Weatherford successfully completes financial restructuring
Weatherford International has completed its financial restructuring and emerged from chapter 11 protection.
15 Dec 19
Norway: DNO makes minor oil and gas discovery near the Heidrun field in the Norwegian Sea - 6507/7-16 S
DNO is in the process of concluding the drilling of wildcat well 6507/7-16 S in PL 888. The well, drilled drilled about 4 kms west of the Heidrun field, encountered a total gas column of 52 metres with an underling 4 metre thick oil column.
15 Dec 19
UK: Discoveries in the Southern North Sea bring encouraging results for Spirit Energy
Spirit Energy will become the Operator of a new Southern North Sea discovery after an encouraging exploration campaign. The Ossian-Darach exploration well encountered hydrocarbons, in license P2133, and was plugged and abandoned during August 2019.
15 Dec 19
Norway: PGS announces availability of first data on Trondelag Platform and Draugen
Fast track seismic data is now available from the Draugen survey. The first data from the TGS Trondelag Platform project will be ready for viewing in early January. Both surveys were acquired by PGS in summer 2019. The Trondelag Platform and Draugen surveys cover a 10,500 sq km area of the Norwegian Sea that is underexplored.
13 Dec 19
Thailand: Mubadala completes Yothaka East-1 exploration well in the G1/48 Manora Oil Field
JV partner Tap Oil has provided an update on the Yothaka East-2 appraisal well drilled in the G1/48 concession Manora Production License, operated by Mubadala Petroleum, in the Northern Gulf of Thailand
13 Dec 19
Turkey: Valeura Energy announces comingled production test results at Devepinar-1
Valeura Energy, the upstream natural gas producer focused on appraising and developing an unconventional gas accumulation play in the Thrace Basin of Turkey, has reported natural gas production test results for the Devepinar-1 well.
13 Dec 19
UK: Hurricane Energy announces trading and operational update
Hurricane Energy, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, has provided a trading and operational update, and reports an update in relation to its P1368 licence.
13 Dec 19
UK: Hibiscus Petroleum completes acquisition of the Crown discovery in the North Sea
Hibiscus Petroleum has announced that its indirect wholly-owned subsidiary, Anasuria Hibiscus UK has completed the acquisition of North Sea Blocks 15/18d and 15/19b from United Oil & Gas and Swift Exploration for a total cash consideration of up to USD5 million.
13 Dec 19
Indonesia: Interra Resources announces positive results at the Kuala Pambuang exploration well KP-1
Interra Resources has announced the drilling and testing results of the Company's first well in the Kuala Pambuang block onshore southern Central Kalimantan, Indonesia. Drilling and testing results are positive and KP-1 will undergo completion by installing casing and performing testing by casing perforation over the potential reservoirs.
12 Dec 19
Norway: Island Drilling signs contract with OMV Norge to drill in PL 644
Island Drilling has been awarded a Contract with OMV (Norge) to drill one well on PL 644, close to Aasgaard field in the North Sea. In addition, a separate agreement has been signed with OMV, which applies to up to 3 option wells for OMV in other Norwegian Sea areas.
12 Dec 19
GoM: Total moves forward on two deepwater projects in the U.S. Gulf of Mexico
Total has announced the final investment decision (FID) to develop the Anchor oil field. Additionally, front-end engineering and design (FEED) has begun for the North Platte discovery. Both projects are located in the deepwater U.S. Gulf of Mexico.
12 Dec 19
US: BLM Wyoming leases 123 oil and gas parcels in December sale - nets USD10.8 million
The Bureau of Land Management Wyoming raised USD10.8 million in its Dec. 10-11, 2019, quarterly oil and gas lease sale, facilitating economic opportunities and infrastructure investment in local communities. The BLM received bids on 123 parcels totaling about 123,258 acres.
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