World News

QUEENSLAND, Australia — Santos today announced positive production well test results from the Muruk 1ST3 exploration well in the Papua New Guinea (PNG) Highlands. The production test was undertaken to assess reservoir productivity and recover hydrocarbon samples over the gas saturated Toro Sandstone interval, between 3,968 m to 4,065 m. The well flowed gas and condensate at a rate of ...

IRVING, Texas –Exxon Mobil has made a final investment decision to proceed with the first phase of development for the Liza field, one of the largest oil discoveries of the past decade, located offshore Guyana. The company also announced positive results from the Liza-4 well, which encountered more than 197 feet of high-quality, oil-bearing sandstone reservoirs, which will underpin a ...

STAVANGER — The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for well 7219/9-2, cf. Section 8 of the Resource Management Regulations. Well 7219/9-2 will be drilled from the Songa Enabler drilling facility at position 72°19′ 43.74″ north and 19°54′ 39.95″ east. The drilling program for well 7219/9-2 relates to the drilling of a wildcat well in ...

LONDON — BP Trinidad and Tobago (BPTT) LLC today announced the sanction for the development of its Angelin offshore gas project. The project will feature the construction of a new platform – BPTT’s 15th offshore production facility – 60 km off the southeast coast of Trinidad in water-depth of approximately 65 m. The development will include four wells and will ...

JOHANNESBURG (Bloomberg) — Eni SpA led a group that signed off on a $7-billion investment in a project to export natural gas from Mozambique. The country’s President Filipe Nyusi and Eni Chief Executive Officer Claudio Descalzi attended a ceremony in the capital Maputo on Thursday to formally approve the Coral South liquefied natural gas project. Once built, the floating LNG ...

LONDON – BP, Shell and Siccar Point Energy, announced first oil from the redeveloped Schiehallion Area, following completion of the multi-billion-pound Quad 204 project in the west of Shetland region, offshore UK. Schiehallion and the adjacent Loyal fields were first developed in the mid-1990s and have produced nearly 400 MMbo since production started in 1998. With the fields’ redevelopment through ...

HOUSTON — Halliburton Company has announced that it launched drilling operations in the Zhuravlinaya area of the Vostochno-Taimyrsky license block for Lukoil in early April. The project involves Halliburton constructing a 5,500-m exploration well, in addition to delivering an integrated service package which includes directional drilling, drill bits, drilling fluids, well cementing and other services. The project is well underway ...

IRVING, Texas — Exxon Mobil Corporation has announced positive results on the Muruk-1 sidetrack well in the Papua New Guinea North Highlands, 13 mi (21 km) northwest of the Hides gas field. The Muruk-1 sidetrack well encountered high-quality sandstone reservoirs southwest of the Muruk-1 natural gas discovery announced in late 2016. The sidetrack well was safely drilled to 13,550 ft ...

MOSCOW — President of LUKOIL Vagit Alekperov and governor of Kaliningrad Region Anton Alikhanov signed an agreement on cooperation between the company and the regional government for 2017-2022, in Kaliningrad today. The agreement aims to develop an infrastructure for the petroleum products market, introduce innovative technologies for the production of hydrocarbons, protect the environment and use natural resources rationally. The ...

PARIS — Total and Mauritania have signed an exploration and production contract to perform exploration works on Block C7, which covers an area of 7,300 km2. The Group will be the operator with a 90% interest alongside the Société Mauritanienne des Hydrocarbures et de Patrimoine Minier (SMHPM) holding the remaining 10%. “This agreement is part of Total’s strategy to explore ...