Santos drilled 16 wells in the GLNG acreage during the first quarter, which included 15 development wells in Roma and one appraisal well in Fairview, while 39 wells were completed as producers.
The aim is to start production from the field via the geostationary FPSO unit in late summer this year, Dalan added. Currently, two wells are being drilled; five wells have already been drilled and completed.
Worldwide production continues to surpass demand, but lower prices are expected to slow production as more operators are forced to lay down rigs to salvage budgets.
The balance of power tips from oil producers to consumers, with Russia looking shaken and U.S. policy in the Middle East in flux as production alleviates oil security concerns.
Operators are maximizing production of their new and existing subsea wells through careful integrity management of their subsea assets.
For the Netherlands, the EU's biggest gas producer, less gas could reduce national income by almost 2 billion euros ($2.1 billion), according to the Ministry of Economic Affairs, Bloomberg said.
Delta 2 is the 10th project in Statoil's fast-track portfolio to be completed.
The lawsuit, filed in Washington federal court, follows a petition by the groups to the regulator in 2012 seeking a rule that would require oil and gas companies to disclose such pollution to a government database.
The New York state Health Department said fracking for natural gas can’t be done safely, dooming prospects that Governor Andrew Cuomo will allow the extraction process after a six-year-moratorium.
Experts talk about the sector’s past, present and future.
A seal in the riser connection system failed. The Rowan Reliance drillship was drilling North Platte #2 at 20,701 ft when problem was detected. The well never reached geological targets.
The well was drilled about 12 m west of Aasta Hansteen in the northern Norwegian Sea. The objective of the well was to prove petroleum in Upper Cretaceous reservoir rocks.
Ithaca Energy Inc. successfully completed flow test operations on the fifth development well on the Stella Field.
Boulder Energy Ltd. will work in DeeThree’s Belly River development in the Pembina-Brazeau area of Alberta. Granite Oil Corp. will work in DeeThree’s Bakken EOR project in southern Alberta.
Apache Egypt and Khalda Petroleum Co. are drilling for oil and gas in the country’s western desert. The Berenice and Ptah fields are in the Fagur Basin.
First oil is planned for late 2019.
Coreflooding measures the effectiveness of water or gas injected into an oil-bearing rock sample to displace oil. This can be used to assess the potential for water flooding in an oil field, BP said in a news release.
The NRG Energy and JX Nippon Oil & Gas project aims to turn waste into revenue using technology.
Better chemical formulations and lower cost, advances in laboratory analysis and higher oil prices are making chemical EOR more economically viable.
The SNE-1 and FAN-1 wells were the first deepwater wells drilled offshore Senegal in 26 years. They discovered oil and yielded key data for updating predrill geological models.
Anadarko and project partners estimate there is 75 Tcf of exploitable gas offshore Mozambique, Bloomberg said. The Rovuma Basin could hold 120 Tcf technically recoverable reserves, a consultant said.
The Bertam Field has been developed with a wellhead platform adjacent to a spread-moored FPSO in a water depth of 75 m (246 ft).
Tyra is 220 km off Denmark’s west coast. It should produce about 20 MMbbl of oil and 170 cf of gas, and 50 MMboe of combined reserves and resources.
ExxonMobil is co-venturer with Brazil's Petrobras and Italy's Eni in the Hadrian South, in the U.S. GoM's Keathey Canyon area. Hadrian South is ExxonMobil’s deepest subsea tieback.