Block Energy resumes production at West Rustavi
Production resumed on 11 July and since testing began the well has produced at an average rate of approximately 360 boe/d (295 bpd plus 390 million ft3/d).
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Production resumed on 11 July and since testing began the well has produced at an average rate of approximately 360 boe/d (295 bpd plus 390 million ft3/d).
The approval relates to the Tanumbirini 2H and Inacumba 1/1H wells in Exploration Permit 161 in the McArthur Basin, east of Daly Waters.
The exploration well, located in block 114, Song Hong Basin, offshore Vietnam, has proven the presence of gas and condensate in the Ken Bau prospect.
Ryan Duman, Senior Analyst at Wood Mackenzie, highlighted the growing expense of water management in the basin and the issue of handling wastewater produced by completed wells.
Kayrros found that in 2018 alone, more than 1100 wells were completed in the Permian Basin but not reported through state commissions or FracFocus, a public repository for information on the chemicals used during fraccing.
Glamox has announced the signing of a framework agreement with the Norwegian oil company Aker BP.
TechnipFMC will manufacture, deliver and install subsea equipment at the Seagull project in the Central North Sea.
A settlement agreement provided for a cash payment of US$4.5 million from Vaalco to Angola's National Concessionaire.
In May and July, Apache closed the sale of noncore assets in two separate transactions, which included assets in the Western Anadarko Basin and the SCOOP/STACK play.
The company is to sell a a 2% proportionately reduced overriding royalty interest in 350 000 net surface acres in southwest Appalachia, US.
The contracts will see the company's ROV mounted ARTEMIS® tool used on major oilfield projects around the world.
GlobalData has said that Guyana's plan to increase royalties payable on oil and gas production may risk making returns less competitive than under the fiscal regimes of Brazil and Suriname.