Advance Energy buys 50% interest in Buffalo project
In return for its 50% interest, Advance Energy will fund the Buffalo-10 well offshore East Timor on a free carried basis up to a cap of US$20 million.
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In return for its 50% interest, Advance Energy will fund the Buffalo-10 well offshore East Timor on a free carried basis up to a cap of US$20 million.
The company delivered real-time control of fracture placement while pumping on a multi-well pad using its SmartFleet intelligent fracturing system in the Permian Basin, US.
Deltic estimates that the Pensacola Prospect contains gross P50 Prospective Resources of 309 billion ft3 (with a P90-P10 range of 39 billion ft3 to 1181 billion ft3).
The MoU will collaborate on capacity building initiatives and standardisation to enhance safety, environmental protection and sustainability in African countries producing natural gas and oil.
NoMan camera & laser scanning technologies help to avoid fatalities from working in confined spaces in oil storage tanks.
Although Tullow will continue to have a financial link to the assets in the Ceiba and Okume offshore fields, the closing of the transaction marks Tullow’s exit from its licences in Equatorial Guinea after 18 years.
The field data for the Mid North Sea High survey will be collected from approximately late April to mid-October 2021.
Oilfield Technology’s first issue of 2021 begins with a look at US tight oil’s prospects this year, before moving on to cover completions technology, production forecasting, electric fracturing, sand recovery and more.
Oil prices rose on Wednesday as the market expects OPEC+ to keep a conservative output policy in the following day’s meeting, due to the speed lag of the oil demand recovery.
Wells 25/8-20 S, 25/8-20 A, 25/8-20 B and 25/8-20 C will be drilled from the Scarabeo 8 drilling facility after concluding the drilling of water injection wells for Vår Energi AS in production licence 229.
The MoU covers cooperation in exploration of hydrocarbon resources and gas production in Ukraine.
Two of the projects will take place in the deepwater Gulf of Mexico, and one will be carried out offshore Trinidad & Tobago.