MODEC to supply FPSO to Petrobras for Búzios 5
The first oil production by the FPSO is planned for 2022, and the firm time charter period of the contract is 21 years.
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The first oil production by the FPSO is planned for 2022, and the firm time charter period of the contract is 21 years.
The company is aiming to complete the acquisition of 7000 acres and 87 oil and gas wells in the US state by 22 August.
The Jeanne d’Arc HD3D survey borders Newfoundland’s prominent producing fields such as Hibernia, Terra Nova, White Rose, North Amethyst and Hebron.
The combined company, which will operate under the name Chisholm Oil and Gas and be headquartered in Tulsa, Oklahoma, US, will have net production of approximately 20 000 boe/d.
The combined gross resources of Jorvik and Tellus East are estimated to be between 4 and 37 million boe.
Nathan Klammer and Jason Ross, Entro Industries, USA, explain how new automatic features can optimise rig walking in the oilfield.
In a recent Delaware Basin field trial with a major US land operator, the H-2 Perforating System was utilised to successfully run 45 perforating guns.
Exceed has announced the acquisition of Lowestoft-based Managed Pressure Resources (MPR), adding managed pressure drilling engineering and supervisory services to its portfolio.
The company has raised guidance for 2Q19 and full year production volumes by 0.4 million boe.
The 10% interest in the BM-S8-block in Brazil's Santos basin has been acquired by Equinor from Barra Energia for US$379 million.
The company owns 13 license areas in the Solimões Basin in the Brazilian state of Amazonas with a total acreage of approximately 32 600 km2.
The company's first cargo from the Lancaster field, offshore Shetland, UK, was sold on 18 June and marketed by BP Oil International Ltd.