Rystad Energy: oil firms to spend billions in Stabroek Block over next decade
Global oil firms are preparing to spend more than US$53 billion in Guyana’s coveted Stabroek Block during the coming decade, Rystad Energy research shows.
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Global oil firms are preparing to spend more than US$53 billion in Guyana’s coveted Stabroek Block during the coming decade, Rystad Energy research shows.
Faithful+Gould and Atkins have been awarded the pre-final investment decision upstream facilities and shared project management team services for the Zama development project from Talos Energy Inc.
A report by the data and analytics company reveals that Guyana, Mauritania and Russia hosted the most significant finds of 2019.
The discovery in the Sureste Basin may contain between 200 and 300 million bbl of oil in place.
Mudlogging and LWD logging results from the Primary targets in the Tumbes Formation indicated that the Marina-1 well encountered thin water bearing sands with no oil and only minor gas shows.
The Petrobras-led Búzios Project will be recognised at this year's Offshore Technology Conference for the use of technological advancements in extreme conditions.
Salah is expected to a reach its targeted depth of approximately 9000 ft in late March/early April and is targeting gross P50 unrisked prospective resources of c.71 billion ft3 equivalent, as estimated by management.
The company has completed subsea installation monitoring work to support the Northern Lights carbon capture storage (CCS) project in the North Sea.
The reprocessing project marks the next phase of imaging over the mature, hydrocarbon producing areas of Main Pass and Viosca Knoll.
The Bozhong 24-9 oilfield in the Bohai Sea is expected to reach its peak production of approximately 22 500 bpd in 2022.
The joint venture will be based in Baku, Azerbaijan, and will focus its business development and operations both on onshore and offshore Azerbaijan.
Neptune Energy has signed an operated exploration licence with the Egyptian General Petroleum Corporation (EGPC) for Egypt’s North West El Amal offshore concession.