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An integrated approach drills record ERD well in the Middle East.
A key project to meet the country’s growing domestic gas consumption, which was commissioned recently, is the Khazzan field in central Oman.
The oil and gas industry is going through radical changes towards building models for success as oil market sentiment improved.
Total CEO Patrick Pouyanne and BP’s Group Chief Executive Bob Dudley shared insights on how their companies found opportunities in in the downturn.
Investments made by Middle East oil and gas producers are focused on adding new capacity.
High-efficiency HP/HT completion systems help operators deliver top performing wells.
All stages were successfully stimulated with acid, with clear pressure indications of packers setting, balls landing and sleeves shifting, the release said.
Stena Forth drillship to commence a three well program in first-quarter 2019.
Tethys Oil has been selected to receive an onshore exploration license covering the southwestern part of Oman towards the border of Saudi Arabia.
The company drilled the well in Sarta Block, north of the regional capital Erbil, the first such well since the second half of 2015, two industry sources told Reuters.
DNO ASA, the Norwegian oil and gas operator, agreed with ExxonMobil Corp. to join in on the Baeshiqa license in the Kurdistan region of Iraq.
Industry sources told Reuters last year that Aramco was operating about 212 oil and gas rigs, a level it had kept steady since 2015. That number did not include rigs used to drill water wells.
Middle Eastern oil and gas producers are now focusing on developing unconventional resources like heavy crude oil.
Through its R&D arm, Saudi Aramco is working on various R&D projects in an effort to increase the recovery factor of reservoirs from 50% to 70%.
The oil industry’s demand for energy is growing rapidly, and solar can supply much of that power, GlassPoint Solar CEO Rod MacGregor said.
Pilot project in Oman reduces need for natural gas in thermal EOR.
As one among several major oil companies in Oman, BP appears poised to grow its investment by drilling 300 wells targeting reserves of up to 7 Tcf, according to a company spokesman.
Genel Energy said on Jan. 19 that RPS Energy Consultants Ltd. has finalized its evaluation of the contingent gas resources at the Bina Bawi and Miran West fields (Genel 100% and operator).
Jacobs Engineering Group Inc. (NYSE: JEC) has been selected by BP Plc (NYSE: BP) to provide engineering, procurement and construction management (EPCM) services for phase 2 of the Khazzan project in the Sultanate of Oman.
Premier Oil is developing the Bison, Iguana and Gajah Puteri (BIGP) oil and gas fields in the Natuna Sea offshore Indonesia to increase gas supplies to consumers in Indonesia and Singapore.
The oil field is now producing 85,000 barrels per day, Iraqi Oil Minister Jabar al-Luaibi said. Its associated gas plant would increase output to 50 million cubic feet per day (MMcf/d) in first-quarter 2018, up from 35 MMcf/d now, he added.
Israeli energy conglomerate Delek Group reported a record profit in the third-quarter on Nov. 29, boosted by the sale of a stake in the Tamar natural gas field.