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In January 2020 there were plans for approximately 50 exploration wells, but this has been reduced to 40 by the effects of the Covid-19 pandemic and low oil prices.
Allseas’ heavy lift vessel Pioneering Spirit will execute the work for Aker BP at the Valhall oilfield between 2021 and 2026.
In the second part of this two-part article, Derek Crombie, Lloyd’s Register, introduces the final three questions that need to be answered when choosing petrophysics analysis software.
The Global Energy Show has confirmed new dates for the exhibition and conference, which will now be June 8 – 10, 2021 in Calgary, Canada.
At least nine of the world’s top planned exploration wells for 2020 are at risk of being suspended as a result of the combined effect on oil and gas activities of the Covid-19 virus and the oil price war.
The module was lifted onto a barge at the Rosenberg Worley yard in Stavanger, Norway, and will be transferred to the world's largest crane vessel, Heerema’s Sleipnir, then installed on the Neptune-operated Gjøa platform.
The company said it would still maintain its goal of increasing domestic crude oil and natural gas production for the year.
Drilling at the Sobhi well encountered 108 ft net of high-quality gas-bearing sands, with an average porosity of 20%, near the base of the Kafr El Sheikh formation.
The consideration for the disposal is US$15 million, subject to a retention sum of US$1.7 million.
The oil was discovered in the exploratory Natator well in the Sudoeste de Tartaruga Verde block.
The data covers the company’s Welwitschia Deep prospect and Marula lead.
The largest share of the company's capital spending reduction will be in the Permian Basin.