Production
News
January 05, 2024
PC Ketapang II Ltd. (PCK2L), a subsidiary of PETRONAS, has secured the 20-year extension of the Production Sharing Contract (PSC) for the Ketapang Working Area, located in the Java Sea.
News
January 03, 2024
The project is expected to achieve a peak production of approximately 22,600 bopd in 2025.
News
January 03, 2024
The Lime Rock and Venice wells were brought safely online in late December 2023 and have achieved an initial combined gross production rate of over 18,500 boed, averaging about 45% oil and 55% liquids.
News
January 02, 2024
The Sparta FPU will feature a single topside bolstered by a four-column, semi-submersible floating hull and is designed to produce 90,000 boed.
News
January 02, 2024
The FPSO Sepetiba, also known as Mero-2, has an operational capacity of 12 MMcmg and 180,000 bopd.
News
December 29, 2023
Vår Energi’s net production from the field was 1,500 boed in the first nine months of 2023 and had remaining net reserves 1.9 MMboe at year end 2022.
News
December 27, 2023
The Sangomar Field Development Phase 1 includes a stand-alone FPSO with subsea infrastructure and an expected production capacity of approximately 100,000 bpd.
News
December 26, 2023
Current oil production from Parque das Conchas is approximately 35,000 boed day from 25 wells connected to the FPSO Espírito Santo. In the first half of 2023, average production was 28,000 boed.
News
December 22, 2023
The so-called Extended Continental Shelf covers about 1 million square kilometers (386,100 square miles), predominantly in the Arctic and Bering Sea, an area of increasing strategic importance where Canada and Russia also have claims.
News
December 21, 2023
Recent offshore ventures in Ivory Coast, Angola, and the Republic of the Congo have propelled European service providers to clinch major contracts, highlighting technological prowess in drilling, engineering, and subsea services.
News
December 19, 2023
The fields in the deal with PetroBal, located on Campeche’s coast, produce about 16,350 boed. PetroBal acquired the exploration and production rights to the field in 2016 as part of a consortium with Fieldwood Energy.
News
December 18, 2023
While easing sanctions has opened a path for oil majors to return to Venezuela, President Nicolás Maduro has yet to meet all the terms laid out by the U.S., prompting Biden officials to assess the potential need to reimpose sanctions.
News
December 18, 2023
The downtime resulted from a malfunction in new equipment installed during maintenance activities in the previous quarter, causing a deferral of approximately one month in production from the Alvheim area.
News
December 13, 2023
After completion of this campaign in April 2025, these wells collectively are expected to produce up to 22,000 boed at peak rates.
News
December 13, 2023
FPSO Atlanta has a production capacity of 50,000 bopd and a maximum offloading storage capacity of 1,251,000 bbl.
News
December 11, 2023
Valeura Energy Inc., the upstream oil and gas company with assets in the Gulf of Thailand and the Thrace Basin of Turkey, has announced the re-start of oil production at the Wassana field, offshore Gulf of Thailand.
News
December 06, 2023
Exxon also plans to spend $23 billion to $25 billion on capital projects next year as it expands its footprint in the Permian basin, North America’s most-prolific oil field, and pursues untapped reserves in overseas regions such as Guyana.
News
December 05, 2023
The ACE platform and facilities are designed to process up to 100,000 bopd. The project is expected to produce up to 300 MMbbl over its lifetime.
News
December 05, 2023
About 65% of the overall natural gas resources on the Norwegian Continental Shelf have not yet been produced. Some of the remaining gas resources face a variety of challenges that could complicate production.
News
December 04, 2023
(WO) — AGR has secured the well management contract with Apus Energia Guinea-Bissau S.A. for a deepwater exploration well in the Sinapa license offshore Guinea-Bissau, with drilling set to commence in summer 2024.
News
December 01, 2023
Tommeliten A is a development with two subsea templates in the North Sea tied back to the Ekofisk Complex. The total resource potential is estimated in the range of 120-180 MMboe, mainly comprising of natural gas (approx. 70%) and condensate (approx. 30%).
