Otto Energy farms out of Kito-1 Well
Otto Energy has announced the successful farm out of a 25% participating interest in the upcoming Kito-1 Well in Kilosa-Kilombero Licence.
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Otto Energy has announced the successful farm out of a 25% participating interest in the upcoming Kito-1 Well in Kilosa-Kilombero Licence.
The Norwegian Petroleum Directorate has granted Faroe Petroleum Norge AS a drilling permit for well 31/7-1 A.
The company now owns 100% of the licence and is the licence operator.
Genel Energy has reported that the Tawke field partners have received a payment of US$15 million.
FasTrac programme for strategic gas development in Mediterranean region
Hilong Petroleum Offshore Engineering Co. Ltd has received a contract from TIMAS to provide a Hilong 106 pipe-laying derrick barge.
The processing of the logs while drilling and wire line logs at the first Tendrara well has now been completed.
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The company has appointed STARC to support its strategic expansion. The company will operate as Permasense’s exclusive representative in Saudi Arabia.
The contract will cover conceptual studies and pre-front end engineering design (FEED) work to support BP plans to sustain and grow production at the Rumaila oilfield in Iraq.
The Makori-Deep-1 exploration well reached its target depth of 5067 m on April 17, 2016.
The agreement will see the companies collaborate to develop prospective resources in East and West Siberia.