BP reports 2Q20 results
BP has reported a record US$6.7 billion (£5.12 billion) loss in 2Q20.
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BP has reported a record US$6.7 billion (£5.12 billion) loss in 2Q20.
Well 6507/4-1 will be drilled from the Leiv Eiriksson drilling facility in production licence 1009.
The amended Walton Morant Licence covers an area of 22 400 km2, and has numerous plays and prospects already identified across three separate basins.
First oil at the Wressle oilfield development in North Lincolnshire, UK, is expected during 2H20.
Included in the current quarter were impairments and other net charges of US$1.8 billion primarily associated with downward revisions to the company's commodity price outlook, severance accruals of US$780 million, and a gain of US$310 million on the sale of Azerbaijan assets.
Exxon has said it is undertaking a comprehensive evaluation across the businesses on a country-by-country basis.
The company is investing US$1 million in the California-based company Clean Energy Systems to help develop a new technology called Carbon-Negative Energy.
The drilling programme for well 6407/1-8 S & A relates to the drilling of wildcat wells in production licence 263 D.
The order from Spirit Energy includes Plexus’ POS-GRIP 5000 psi leak proof “HG” metal to metal sealing surface production wellhead and associated spares and equipment for a new gas well in the UK North Sea.
The company reported a net loss of US$93 million for 2Q20.
A period of ESP testing has seen production increase from c.15 000 bpd to c.17 000 bpd.
Schlumberger has reported its second straight quarterly loss after recording US$3.7 billion in impairment and restructuring charges.