SOCAR and Equinor confirm oil discovery offshore Azerbaijan
The discovery was made in the Karabagh oilfield 120 km offshore.
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The discovery was made in the Karabagh oilfield 120 km offshore.
The fall in oil and gas prices and the impact of the coronavirus has led to the industry body to call for government support.
Unity will maintain wellhead equipment across twelve platforms in the East Irish Sea, Southern North Sea and the Dutch sector of the North Sea.
By sidetracking from a collapsed expandable liner, the re-entry operation eliminated the time and cost associated with re-drilling and re-casing a 3000-ft hole.
BW Offshore has signed a five-year contract for the lease and operation of the BW Pioneer FPSO on the Cascade and Chinook fields on behalf of MP Gulf of Mexico.
The company has reduced its estimate of 2020 capital expenditures to US$15 million to US$25 million from its prior level of US$50 million to US$100 million.
The discoveries were made at the Evra and Iving exploration well, close to the Balder and Ringhorne field.
The Norwegian Petroleum Directorate has granted the company a permit for well 35/8-7S in production licence 880.
The wider Greater Buchan Area in the UK North Sea contains discovered oil and gas resources in excess of 200 million boe.
Hydrocarbons were encountered at the Isabella exploration well, with 64 m net pay encountered, consisting of lean gas and condensate and high-quality light oil.
The Kenli 6-1 discovery is expected to be the first large-sized oilfield in the Laibei lower uplift.
Carnarvon Petroleum and Santos, the operator of the offshore Dorado field, are working on entering the FEED phase.