Author Archives: admin

Repsol Norge drills dry well west of Aasta Hansteen field

STAVANGER — Repsol Norge AS, operator of production licence 705, has completed the drilling of wildcat well 6705/7-1. The well was drilled about 80 km northwest of Aasta Hansteen field, in the northern part of the Norwegian Sea. The objective of the well was to prove petroleum in Upper Cretaceous reservoir rocks (Nise formation). Well 6705/7-1 encountered two reservoir intervals ...

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Wintershall starts first pilot well in Argentina’s Bandurria Norte field

KASSEL, Germany — Wintershall has launched its second operated shale oil pilot project in Argentina (100% working interest). The company has spud the first of three horizontal pilot wells in the Bandurria Norte block, which is located in the western Argentinean province of Neuquén. The wells in the 107-km2 block are targeting the promising shale of the Vaca Muerta formation, ...

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Saudis said to boost U.S. ties with $40-billion investment

LONDON and DUBAI (Bloomberg) — Saudi Arabia is preparing to cement ties with President Donald Trump by committing to unprecedented investments in the U.S. The kingdom’s sovereign wealth fund is set to announce plans to deploy as much as $40 billion into U.S. infrastructure, according to people familiar with the matter. The investment may be unveiled as early as next ...

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Iran Business Rising up for Germany’s INTRA

TEHRAN, May 10 (Shana) — INTRA Industrial Solutions says the removal of sanctions on Tehran’s nuclear agenda has helped their business rise up in Iran. Speaking to Shana, on the sidelines of the 22nd Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show-2017) in Tehran, the company’s head of EMEA, Nils Wittbond, said INTRA Industrial Solutions has been ...

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Iran Needs New Financing Methods

TEHRAN, May 09 (Shana) — A deputy head of National Iranian Oil Company has said that Iran needs to diversify its methods of project financing. Gholam-Reza Manouchehri said that in addition to National Development Fund of Iran (NDFI) and private companies, international companies could help Iran. “Besides all these [domestic] capabilities, we need interaction at international level in order to ...

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NIOC Signs Feasibility Study MOUs with OIEC, MAPNA

TEHRAN, May 09 (Shana) — National Iranian Oil Company (NIOC) and Oil Industries Engineering and Construction Company (OIEC) have signed a memorandum of understanding for feasibility studies on Sepehr oil field. The MOU was singed between Gholam-Reza Manouchehri, deputy head of NIOC for development and engineering, and Behzad Mohammadi, CEO of OIEC. OIEC is among 11 E&P companies qualified by ...

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Iran Drills 11 Offshore Wells in 2016

TEHRAN, May 02 (Shana) — The National Iranian Drilling Company (NIDC) drilled, or repaired 11 offshore wells in the Persian Gulf during the course of the previous Iranian calendar year (ended March 20), an official NIDC official said. Siamak Afshari, director of NIDC’s offshore drilling operations, said the wells required 6,240 meters of drilling of which 2,512 meters of development ...

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