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Preliminary evaluation of the Hibiscus Updip prospect in the Dussafu licence offshore Gabon indicates gross recoverable reserves of 40 to 50 million bbl of oil, significantly greater than the pre-drill expectations.
The company has won a contract with AS Norske Shell in Norway to provide rig support for the drilling and completion of a gas producer well on the Knarr field.
Rob Gill, Aquaterra Energy, asks why the industry is reluctant to adopt conductor-supported platforms for shallow water field developments.
The company is exploring the potential to co-operate with an unnamed international oil company in respect of its blocks in Namibia.
Delivery of the first three rigs to the drilling division of INK-Service Group is scheduled for 2020, with delivery of the remaining rigs the year after.
The enhanced imaging volumes from the Greater Plutonio development in the Lower Congo Basin were delivered four weeks early for the project.
Start-up of the Valhall West Flank facility in the North Sea will take place this autumn.
A report by IHS Markit attributes the decline in conventional discoveries to low oil prices, competition from short cycle-time unconventional projects, and financial investors questioning long-term, high-cost, frontier projects.
The contract is for the Golfinho development, a deepwater discovery off the coast of Mozambique that will be developed as a subsea system tied back to an onshore liquefied natural gas (LNG) facility.
The contract is the first signed in the industry for the use of advanced wireless drone services.
The Netherlands recently announced that production at Groningen – Europe’s largest gas field – will be halted in 2022, eight years earlier than initially planned.
The decommissioning project comprises seven offshore gas platforms located approximately 135 nautical miles east of Halifax, Nova Scotia, Canada on the edge of the Scotian Shelf.