Petrobras, CNODC awarded Aram block in Brazil pre-salt round
Petrobras and CNODC offered the the minimum allowed profit oil of 29.96% for rights to explore and produce oil at the Aram block in Brazil's Santos Basin.
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Petrobras and CNODC offered the the minimum allowed profit oil of 29.96% for rights to explore and produce oil at the Aram block in Brazil's Santos Basin.
Government representatives from Senegal, Angola, Uganda, Ghana, Equatorial Guinea, Mozambique and Somalia promoted their oil and gas sectors to a global audience of investors, suppliers and other key stakeholders.
SBM Offshore will perform FEED work for a FPSO for the Payara development project located in the Stabroek block in Guyana.
Innovo’s Innodrive 700T electrical Reel Drive System and a Sparrows tensioner were integrated with under-deck carousel.
The transaction covers all of Equinor’s interests in the Eagle Ford Joint Venture (JV) with Repsol, covering 69 000 net acres. Following this transaction Repsol will have a 100% interest in the asset.
LOC Egypt has been awarded a two-year marine assurance and inspection contract by BP Egypt.
Petrobras and Chinese state firms CNOOC and CNODC made the only bids out of over a dozen major oil firms who had registered. Two of four blocks on offer got no bids.
The well targeted an extension of the Upper Jurassic Rogn Formation sandstone which forms the main reservoir of the producing Draugen field.
Gravity's acquisition of On Point will create the largest commercial produced water disposal company by injection volumes in the Midland Basin.
No liquid hydrocarbons were recovered from the initial exploration well, and Hilcorp and Otto have agreed that the low flow rates observed are not sufficient to economically justify the future costs of a fracture stimulation, facility and pipeline connection.
The survey started in late 2018 and covered the Buzios field, lying in approximately 2000 m water depth.
Cooper Energy and Beach Energy are conducting a appraisal programme in the Cooper Basin.