Egyptian Vulture prospect set to spud in late August
The Egyptian Vulture prospect marks the first of an anticipated seven well exploration programme which will involve Longboat Energy over the next 18 months on the Norwegian Continental Shelf.
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The Egyptian Vulture prospect marks the first of an anticipated seven well exploration programme which will involve Longboat Energy over the next 18 months on the Norwegian Continental Shelf.
Equinor will acquire a 40% participating interest in licences PL090 JS, PL248 I and PL925, while Wellesley will acquire a 10% participating interest in licence PL942.
Following completion and tie-in, the first well from the Van Gogh Phase 2 Infill Development offshore Western Australia has produced at a peak rate of 23 200 bpd.
Schlumberger reported net income of US$431 million for the three months to June 30, compared with US$299 million in the first quarter.
Initial interpretations indicate a total of over 40 m MD of net oil pay across three different reservoir units in the Al Jahraa-8 development well.
Pharos Energy is carrying out an infill programme to increase production from the TGT field in the Cuu Long Basin.
According to a document seen by Reuters, Shell has launched the sale of its stakes in the Baram Delta EOR and the SK307 production-sharing contracts, which are operated by Petronas Carigali Sdn Bhd.
The drilling programme, for an unnamed international oil company, is expected to commence in 2Q22 for a duration of approximately 150 days.
The Barracuda project comprises two subsea wells (both 100% Shell owned), one in the Endeavour field and the other in the Bounty field, offshore Trinidad and Tobago.
The four-week rolling average of US crude oil export volumes has not fallen below 2 million bpd during the past three years, despite the COVID-19 pandemic.
The survey area covers acreage included in the Malaysia Bid Round 2021 and fast-track results will be delivered in time for block evaluation.
Adjusted net income attributable to the company was US$83 million, or 10 cents per share, in the quarter ended June 30, compared with US$91 million, or 12 cents per share, in 1Q21.