Neptune Energy acquires Energean's North Sea assets
The assets will provide Neptune with an estimated 30 million boe of 2P reserves.
Browse the latest upstream news news and articles.
The assets will provide Neptune with an estimated 30 million boe of 2P reserves.
With US production expected to increase by 1.2 million bpd y/y in 2020, and with domestic refineries already maxing out capacity to absorb shale growth, Rystad Energy expects exports to balloon and reach 4.7 million bpd by the end of 2020 and nearly 6 million bpd by the end of 2022.
The software's risk management module helps identify and quantify project risk considerations that affect cost and schedule selections, offering greater certainty to sectors where budget and project overruns are common.
Based on preliminary estimation, the recoverable resources of the Shrek discovery are in the range of between 19 and 38 million boe, as confirmed by the Norwegian Oil Directorate (NPD).
The next step in the campaign is an extensive Drill Stem Test (DST) programme.
The mixer provides homogenous, high-efficiency mixing in the refinery, midstream and upstream environments.
The contract is for supply of ‘cesium drilling and completion fluids’ to Equinor’s operations on the Norwegian Continental Shelf.
Wood Mackenzie senior analyst David Low said that he expects ConocoPhillips to redeploy its capital into its North American unconventional and Alaskan positions.
The site offers testing in: coatings & insulations; sour service corrosion; fracture/fatigue mechanics; engineering critical assessments; non-destructive testing; machining capability; pipeline testing; sour gas testing; industry leading mechanical and metallurgical testing; and environmental air emissions testing.
The workscope of the contract is for global offshore inspection and wire rope services.
Wintershall Dea will hold an interest of 20% in the blocks S-M-766 and C-M-845, alongside its partners Repsol and Chevron (operator).
The service will be provided using Vantage's Tungsten Explorer and covers one firm well, "Nigma 1", with the contract estimated to last 73 days.