Rockhopper Exploration provides update on Sea Lion farm-in
Rockhopper Exploration has said that it, Premier Oil and Navitas Petroleum remain committed to the finalisation of the farm-in agreement.
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Rockhopper Exploration has said that it, Premier Oil and Navitas Petroleum remain committed to the finalisation of the farm-in agreement.
Ascent Resources is currently the only London-listed company to venture into the Cuban oil and gas market.
The survey has gathered over 6100 km2 of seismic data from the Papuan Basin.
The two wells drilled and completed in Block B-80 are expected to have an average production of 8000 bpd.
A Rystad Energy analysis shows that global E&P revenues are now forecasted to fall by about US$1 trillion in 2020, a drop of 40% to US$1.47 trillion from last year’s US$2.47 trillion.
Wildcat well 30/6-31 S encountered poorly developed sandstones in the Intra Heather Formation with poor reservoir quality and no traces of petroleum.
US oil production of at least 300 000 bpd will be shut during May and June, according to a Rystad Energy analysis of early communication from US oil producers.
The company has reduced its annual net production target and CAPEX for 2020.
OKEA has announced that its assets produced a total of 19 099 boe/d in 1Q20, compared to 19 498 boe/d in 1Q19.
Under the agreement, Sumitomo will have a 25% stake in the FPSO Anna Nery project, which was awarded to Yinson by Petrobras in October 2019.
The agreement has been signed with an unnamed European E&P company for licence P2478 in the Inner Moray Firth, UK.
Fenja is Neptune’s first operated development project on the Norwegian Shelf and is estimated to contain 97 million boe.