Westwood: Discoveries at lowest level outside of Russia for more than a decade
The company found that outside Russia, discoveries in 2021 were at the lowest level (3.4bnboe) since at least 2008.
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The company found that outside Russia, discoveries in 2021 were at the lowest level (3.4bnboe) since at least 2008.
The Norwegian Petroleum Directorate consider how Norway has fortified its role as a predictable, long-term supplier of energy to Europe.
The project, supported by industry funding, is expected to complete by the end of 2023, with fast-track products available by June.
Initial production tests indicate flow rates of up to 1800 barrels of oil equivalent per day (boepd).
This contract represents a renewal of the first five-year framework agreement that was awarded to Technip Energies by KOC i
The contract includes the drilling of one firm well, ‘Tomcat’, in PL 1055 in the Norwegian Sea, with the option to drill two further wells in 2024.
The company has announced contract awards or extensions for five of its drilling rigs.
The company has announced that it has increased its non-controlling investment in Intelligent Wellhead Systems Inc. through the acquisition of outstanding common shares of IWS for an aggregate purchase price of US$7.9 million.
The company and its partners have announced the results of recent appraisal drilling at the Isabella discovery (P1820) in Block 30/12d-12.
The company has entered into a share purchase agreement with OMV Exploration and Production GmbH to acquire 100% of the outstanding share capital of OMV (Yemen Block S 2) Exploration GmbH, OMV Jardan Block 3 Upstream GmbH and OMV Block 70 Upstream GmbH.
This survey, covering 11 425 km2, will broaden the region's 3D coverage and deliver additional high-quality data essential for the exploration efforts in the basin.
Production from the Njord field in the Norwegian Sea has resumed, following an upgrading project in which both the platform and the floating storage and offloading vessel (FSO) were brought ashore.