Westwood Insight announces 2017 exploration drilling results for Northwest Europe
The business intelligence group’s report reveals a 10 yr low in oil discoveries in Norway and anticipates a shift in focus in the UK to gas in 2018.
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The business intelligence group’s report reveals a 10 yr low in oil discoveries in Norway and anticipates a shift in focus in the UK to gas in 2018.
Joint venture (JV) project in the southern Delaware Basin expected to be completed by late March 2018.
The KSR-16 well has been connected to the sales line and flow testing is expected to commence early next week. The Company will update the market on the results in due course.
Statoil Petroleum AS, operator of production licence 029 C, has concluded the drilling of wildcat well 15/6-14 S.
Based on a preliminary review of Q4 sales, Petroleum Geo-Services ASA (PGS) expects to report total multiclient revenues of approximately US$170 million in Q4 2017, which should result in a consolidated EBITDA in excess of US$100 million.
The seismic acquisition over Otakikpo is expected to commence in Q1 2018 to kick-off phase two development of Otakikpo. All relevant permits are currently being pursued prior to commencing mobilisation.
Polarcus has extended the agreement with TGS for an additional year.
The recently drilled well located at the Beach Marcelle field has been successfully put into production and is flowing at a stabilised rate of 120 bpd on a restricted choke of 5/32 in.
First Production from F1, F2 and F3 wells expected early March 2018
Shell has revealed that the sale of the unit has been terminated and will not complete.
The contract, which was signed December 2017, is expected to commence in February 2018 and covers development drilling on the Jubilee and TEN fields offshore Ghana.
Tethys Oil AB has provided an production update for its operations in the Sultanate of Oman.