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Tap Oil Limited (Tap Oil or the Company) provides the following update on drilling activities at the Manora Oil Field in the G1/48 concession, located in the Gulf of Thailand (Tap Oil 30% interest). Mubadala Petroleum (Thailand) Ltd is the operator of the G1/48 concession.
Diamond Offshore Drilling have extended the exclusive license for Trelleborg’s offshore operation to this patented technology until 2029.
Marketed utilisation rates would also rebound to 89% by 2020, surpassing rates seen during the heydays before the downturn.
The Norwegian Petroleum Directorate has granted A/S Norske Shell a drilling permit for well 6304/3-1, cf. Section 15 of the Resource Management Regulations.
The US has added close to 50 billion bbls over the last year and now holds an estimated 310 billion bbls of recoverable oil with current technologies, equal to 79 years of US oil production at present output levels.
Akofs Offshore has been awarded a contract for light well intervention services using the Akofs Seafarer vessel for all Equinor-operated licences in the period 2020 to 2025.
The multi-phase work programme, consisting of workover, new drill and pressure maintenance operations, is focused on increasing production and proving up substantial reserves at Zink Ranch that are believed by the Company to be economically recoverable.
This partnership aims to significantly improve operational efficiencies and reduce well costs over the life of the project through a holistic and collaborative development approach.
SDX Energy Inc., the North Africa focused oil and gas company, has announced that a gas discovery has been made at its SD-4X well in the South Disouq Concession, Egypt (SDX 55% working interest and operator).
Providence Resources P.l.c., the Irish based Oil & Gas Exploration Company, has provided an update on Frontier Exploration Licence (FEL) 6/14 that contains the Newgrange Prospect.
UK Oil & Gas Investments PLC announces that its wholly owned subsidiary, Kimmeridge Oil & Gas Limited (KOGL), has applied to West Sussex County Council (WSCC) to extend the Broadford Bridge-1/1z (BB-1/1z) planning permission for a further 18 months to 31 March 2020. BB-1/1z is located in the 300 km² PEDL234 licence, in which the Company has a 100% interest via its ownership of KOGL.
Sound Energy, the Moroccan focused upstream gas company, has confirmed that it has now finalised the specific location of its approaching TE-9 exploration well which will target the A1 prospect in the Company's Tendrara-Lakbir permit, Eastern Morocco.