Rystad Energy: rig utilisation could fall by 18% in Southeast Asia in 2020
Southeast Asia’s rig market, which was poised for growth in 2020, is now set for decline, according to analysis by Rystad Energy.
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Southeast Asia’s rig market, which was poised for growth in 2020, is now set for decline, according to analysis by Rystad Energy.
Shell has said that post-tax impairment charges in the range of US$400-800 million are expected for 1Q20.
The US$300 million of incremental capital reductions will be driven by the deferral of activity in the Eagle Ford, improved capital efficiencies in the Delaware Basin and lower service-cost pricing.
The APA is one of two equal licensing rounds on the Norwegian Continental Shelf. The scheme was introduced in 2003 to facilitate exploration in geologically well known parts of the Shelf.
The pre-FEED scope includes engineering tasks related to the configuration, sizing and preliminary analysis of the FPU, including topsides, hull, risers and mooring.
The company has said that it is still possible that the NJOM-3 well could be spudded before 15 September 2020, despite the force majeure.
Global CAPEX for exploration and production firms (E&Ps) is expected to drop by up to US$100 billion this year, according to Rystad Energy.
The mean prospective resources associated with the Westphalian target area are estimated to be 3.95 million bbl, with an upside case of 6.69 million bbl.
The deal will see Tendeka supply sand-face completion equipment to a number of Mubadala Petroleum's fields in the Gulf of Thailand.
Churchill Drilling Tools and US based expandable tubular well specialist Mohawk Energy have joined with Coretrax under its new brand, with a unified offering designed to improve production performance and well intervention efficiencies.
The company has said it is working with joint venture partners towards reaching an FID for the Etinde field in late 2020.
The project in the Mexican sector of the Gulf of Mexico is scheduled to commence in 3Q20 and will take approximately 60 days.