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Llog in Buckskin launch
First oil from US Gulf deep-water field sets stage for future development phasesOnline upstreamonline.com 3 hours old
DOF Subsea seeks debt lifeline
Subsidiary of Oslo-listed player calls creditor meetings for revised loan terms amid refinancing challengesOnline upstreamonline.com 4 hours old
Shearwater in Tyra shoot
Seismic survey to kick off this summer at field under redevelopment off DenmarkOnline upstreamonline.com 5 hours old
Eland preparing for Nigerian field start
Early production system at the Gbetiokun field to come online next monthOnline upstreamonline.com 5 hours old
Investment in upstream in the doldrums: WoodMac
Geopolitical premium on oil price as Middle East tension continuesOnline upstreamonline.com 6 hours old
Repsol books Maersk rig for Mexico deep-water wildcats
Spanish major to use drillship Maersk Valiant on Gulf of Mexico probes beginning in early 2020Online upstreamonline.com 6 hours old
LNG market 'a traffic jam with no policeman'
Fereidun Fesharaki sees market tightness after imminent glut, but to be followed by another huge rise in new volumesOnline upstreamonline.com 7 hours old
EA Technique lands Petronas contract
Company to provide temporary storage tanker for Sepat early production system projectOnline upstreamonline.com 8 hours old
Extra month for FPSO Lam Son
FPSO contracted until 31 July 2019 at Vietnamese fieldOnline upstreamonline.com 8 hours old
Fesharaki spots demand peak by 2030
Demand for diesel and gasoline will peak by the end of the next decade, with oil demand growth being as low as 200,000 barrels per day in a little over 10 years. “The long-term outlook for oil demand is not great,” Fereidun Fesharaki, chairman of FACTS Global Energy (FGE), said at AOGC 2019 in Kuala Lumpur on Tuesday. Current oil demand growth is “solid” at around 1 million bpd, but by 2027 or 2Online upstreamonline.com 8 hours old
Petronas providing energy solutions
Adif Zulkifli shares his thoughts on the energy transition, gas, LNG, renewables and digitalisationOnline upstreamonline.com 9 hours old
Chiyoda sued by former employee
Action against US subsidiary is the latest setback for struggling Japanese companyOnline upstreamonline.com 10 hours old
Real gets Windorah pipeline licence
Permit will allow wells at Tamarama gas field to be connected nearby gas facilityOnline upstreamonline.com 11 hours old
Lakes could head back to PNG court
Change of government delays settlement over cancellation of PNG licenceOnline upstreamonline.com 12 hours old
UK operator Alpha Petroleum put up for sale
Rothschild & Co and BNP Paribas acting as advisers to London-based private equity owner Petroleum EquityOnline upstreamonline.com 12 hours old
BP gets nod for Ironbark survey
Approval granted for site survey over giant gas prospect off AustraliaOnline upstreamonline.com 12 hours old
Oil mixed on crude demand fears, US-Iran tensions
US President Donald Trump on Monday imposed new sanctions on IranOnline upstreamonline.com 16 hours old
WoodMac: Deep-water, tight oil more alike than before
Lower costs in deep-water, rapid industrialisation in tight oil drive convergence of sectors, according to firmOnline upstreamonline.com 18 hours old
Dakota Access capacity could double
Project's operator proposes new pumping station to boost throughputOnline upstreamonline.com 18 hours old
Ruling party candidate wins Mauritania election
Mohamed Ahmed Ould Ghazouani takes majority of vote as expected in contestOnline upstreamonline.com 19 hours old
Guinea-Conakry seismic data to be ready soon
African nation in fresh drive to interest suitors in offshore prospectivityOnline upstreamonline.com 20 hours old
McDermott wins Saudi Aramco award
Contractor bags EPCI contract to provide new control rooms to Saudi Arabian offshore fieldsOnline upstreamonline.com 24 Jun 11:27 GMT
Kvaerner confirms role in Jackdaw FEED
Norwegian contractor to work with Leirvik and Ramboll in competition against Rosetti and GenesisOnline upstreamonline.com 24 Jun 11:16 GMT
US-China tariff war 'risks wider economic impact'
Presidents of two feuding nations set to meet this weekend at G20 summit in JapanOnline upstreamonline.com 24 Jun 10:40 GMT
Gabon's new code set for court review
Constitutional Court has revised Petroleum Code, with licensing round also getting slight delayOnline upstreamonline.com 24 Jun 10:14 GMT
Supernova firms up Guinea-Bissau tract
Bluewater Group subsidiary awarded block and now awaits ratificationOnline upstreamonline.com 24 Jun 09:49 GMT
Topsides in place at Valhall Flank West
Aker BP completes installation work at Norway satellite field ahead of schedule and under budgetOnline upstreamonline.com 24 Jun 09:47 GMT
Tight oil output 'set to hit 25 million bpd' - Rystad
Unconventionals boom unlikely to be replicated outside of US, howeverOnline upstreamonline.com 24 Jun 09:34 GMT
Grand job for Wood
Contractor secures Equinor FEED for modifications to Grane platform off Norway and other onshore workOnline upstreamonline.com 24 Jun 08:27 GMT
Woodside makes progress at Greater Enfield
First time the operator has delivered a FPSO refurbishment on schedule and under costOnline upstreamonline.com 24 Jun 08:07 GMT
ExxonMobil 'eyes Norway sale'
US giant to open data room for prospective disposal of entire portfolio to signal possible country exit: reportsOnline upstreamonline.com 24 Jun 07:49 GMT
Nostrum seeks buyer in strategic review
UK player may court acquisition to help growth after expanding in KazakhstanOnline upstreamonline.com 24 Jun 07:46 GMT
ADES bags rig deals
Fresh jack-up charter off Egypt and extension in Algeria for London-listed drilling playerOnline upstreamonline.com 24 Jun 07:04 GMT
Gas 'not a transitional fuel': Petronas CEO
Natural gas to play leading role in future energy mix for Malaysian state giantOnline upstreamonline.com 24 Jun 06:39 GMT
Fragile oil market looks to sustain 'Goldilocks' price
The oil market is battling to maintain a “Goldilocks” price in the face of increased geopolitical tensions in the Middle East, the ongoing trade war between the US and China and changing supply and demand dynamics. “Today the price is really fighting itself between supply concerns and demand concerns,” Russell Hardy, chief executive at trading giant Vitol, said at the Asia Oil & Gas Conference (AOnline upstreamonline.com 24 Jun 06:11 GMT
Malaysia to support services sector
Minister of Economic Affairs says sector needs further boost to raise competitivenessOnline upstreamonline.com 24 Jun 06:08 GMT
Innovative partnerships urged: Wan Zulkiflee Wan Ariffin
Petronas chief executive says change in mindset is crucialOnline upstreamonline.com 24 Jun 05:54 GMT
Petronas hands out water injection contract
Joint venture to provide state-run company with a water injection moduleOnline upstreamonline.com 24 Jun 05:44 GMT
Malaysia a 'golden opportunity' for gas - WoodMac
Malaysia offers a “golden opportunity” for upstream players to take advantage of an expected energy supply shortage by fast-tracking gas developments, with the East Malaysia state of Sarawak the most prospective basin, according to energy consultancy Wood Mackenzie. Companies that take the opportunity to search for cleaner, less carbon-intensive gas resources could “leap-frog” the queue of expectOnline upstreamonline.com 24 Jun 04:32 GMT
MOL to provide Hong Kong FSRU
Contract confirmation comes as owners of import terminal strike supply pact with ShellOnline upstreamonline.com 24 Jun 04:13 GMT
Geopolitics threat to oil industry: Mahathir
Middle East tension creates further uncertainty, says the Prime Minister of MalaysiaOnline upstreamonline.com 24 Jun 03:21 GMT
Oil climbs on Middle East tension
Prices gain ground as the US threatens tougher sanctions against IranOnline upstreamonline.com 24 Jun 03:14 GMT
Lime takes Dea's slice in Shrek prospect
Singaporean player picks up interest in a pair of licences off NorwayOnline upstreamonline.com 24 Jun 02:44 GMT
Petronas remains positive amid Moody's downgrade
Malaysian giant sees credit rating slip due to close credit linkages to governmentOnline upstreamonline.com 24 Jun 01:15 GMT
Pluto back online
Production resumes at Australian LNG plant after initial restart problemsOnline upstreamonline.com 24 Jun 00:21 GMT
LNG Ltd updates Magnolia EPC deal
KBR-led joint venture agrees to updated contract incorporating larger capacityOnline upstreamonline.com 24 Jun 00:02 GMT
Curlew FPSO berths in Dundee ahead of decommissioning
Vessel arrives for decontamination on way for scrapping in Turkey after 20 years in North SeaOnline upstreamonline.com 23 Jun 18:47 GMT
Teekay deal for Alpha’s Cheviot lapses
Floater provider says agreement has been terminated and it is pursuing alternative options for deployment of unitOnline upstreamonline.com 22 Jun 07:23 GMT
Pemex lays out exploration, production plans
State-led Mexican oil company details strategy for shallow water and onshore-oriented portfolioOnline upstreamonline.com 21 Jun 19:07 GMT
US drillers gain one oil rig
Texas loses four rigs, down 70 from last year's countOnline upstreamonline.com 21 Jun 17:23 GMT
US oil soars 10% in week on Iran conflict fears
US trade talks with China also helped to support pricesOnline upstreamonline.com 21 Jun 15:29 GMT
Sembmarine gains parental support
Struggling offshore fabrication unit handed new loan facility to stave off liquidity challenges amid orders slumpOnline upstreamonline.com 21 Jun 13:24 GMT
Total axes 200 jobs in Denmark
French operator cuts positions as part of redevelopment of Tyra gas fieldOnline upstreamonline.com 21 Jun 08:48 GMT
Arctic LNG 1 issues well tender
Contractor sought to sink fresh exploration well on West Siberia block as parent Novatek targets LNG projectsOnline upstreamonline.com 21 Jun 08:42 GMT
LOTOS buys Maersk jack-up
Polish contractor acquires aged jack-up for drilling work mainly in Baltic SeaOnline upstreamonline.com 21 Jun 07:30 GMT
Andalas awarded Indonesian workovers
Deal also gives company the option to gain a particpating interest in new productionOnline upstreamonline.com 21 Jun 06:47 GMT
Rig secured for Surat exploration campaign
Project Range joint venture to start drilling in Queensland as early as next weekOnline upstreamonline.com 21 Jun 06:06 GMT
Santos delayed at Dukas-1
Exploration well in the Northern Territory set to resume drilling after rig repairsOnline upstreamonline.com 21 Jun 05:48 GMT
OceanMight in Sarawak award
KBB subsidiary to carry out EPC work at Vestigo Petroleum's Anjung Kecil fieldOnline upstreamonline.com 21 Jun 04:05 GMT
Inpex submits revised Abadi plan
Plan to develop onshore field via onshore plant submitted to Indonesian authoritiesOnline upstreamonline.com 21 Jun 03:23 GMT
Empire sells Kansas assets
Funds from sale to be used to partly fund company's core Australian shale assetsOnline upstreamonline.com 21 Jun 01:12 GMT
Oil jumps 5% on Iran tension
Potential US fed rate cut helped support pricesOnline upstreamonline.com 20 Jun 23:04 GMT
Santos adds near Dorado
Santos has added to its offshore exploration portfolio in the Dorado-Roc-Phoenix oil and gas region off Western Australia. Block WA-540-P was awarded to Santos on a 100% basis by the Australian regulator on 6 June 2019. It lies immediately north of the four permits that Santos owns in the Bedout sub-basin, which contain the large Dorado oil and gas discovery, and the satellite Roc and Phoenix disWeekly upstreamonline.com 20 Jun 22:00 GMT
Players line up merger deal
Private equity-backed US player Chisholm Oil & Gas is set to acquire Oklahoma-focused Gastar Exploration through a definitive merger agreement. The combined company will have net production of around 20,000 barrels per day and a combined acreage position of about 165,000 net acres, primarily in Oklahoma's Kingfisher County. The deal is expected to close in the third quarter of this year. GastarWeekly upstreamonline.com 20 Jun 22:00 GMT
Jack-up on way to Pemex job
Pemex is set to start drilling with a Chinese-owned jack-up off Mexico at the end of July or early August. The F&G JU2000E-design newbuild, owned by Shanghai Zhenhua Heavy Industries (ZPMC), is en route from China to Mexico aboard heavy transport vessel HLV Zhen Hua 15. The rig, which is on contract to Mexican services player Marinsa for around two years, is set to be operated by Pemex DrillingWeekly upstreamonline.com 20 Jun 22:00 GMT
Plans for Alaska's Nuna find
ConocoPhillips is set to acquire the Nuna discovery on Alaska's North Slope from privately-owned Caelus Natural Resources and plans to appraise the prospect over the next few years ahead of a final investment decision. The assets to be acquired include 11 tracts covering 21,000 acres. No purchase price was revealed. The Nuna prospect, which was announced as a discovery in 2012, lies just east ofWeekly upstreamonline.com 20 Jun 22:00 GMT
Maha doubles output at Tie
Swedish-owned independent Maha Energy has placed a new well on stream in the onshore Tie field in Brazil, doubling output in the mature Reconcavo basin development to 4050 barrels per day of oil. The Attic well produced at flow rates of 2932 bpd during tests, but due to surface equipment limitations, Maha opted to produce about 2000 bpd from the Agua Grande and Sergi reservoir zones. The companyWeekly upstreamonline.com 20 Jun 22:00 GMT
Unlikely alliance a sign of strange times
It is not often the trade union movement seeks to ride to the rescue of an oil supermajor like BP, as was seen this week in the UK North Sea. The RMT union accused Greenpeace of “irresponsible” behaviour when it tried to halt a Transocean rig chartered by BP. Jake Molloy, regional organiser for RMT, said campaigners should concentrate on those burning coal or other higher-carbon fuels. The appaWeekly upstreamonline.com 20 Jun 22:00 GMT
US-Iran tensions back on the boil
Basra rocket attack raises the stakes as US sends in more troops and Tehran ramps up uranium productionWeekly upstreamonline.com 20 Jun 22:00 GMT
Mexico's deep-water set to step up a gear as plans for exploration are set in motion
The deep-water sector in Mexico is about to get even more interesting. Operators that won blocks in the country's Round 2.4 deep-water bid offering are wrapping up the paperwork to begin tackling exploration work, led by a massive programme by Shell, which has committed to drill 13 of the 23 wells promised in the round. We have seen glimmerings so far of Mexico's deep-water potential — begun someWeekly upstreamonline.com 20 Jun 22:00 GMT
Guyana goes the right way
The Caribbean Court of Justice (CCJ) gave its ruling this week on the validity of a controversial no-confidence vote that went against President David Granger’s coalition government in Guyana, writes Gareth Chetwynd. The CCJ decision, which was an interpretive ruling on Guyana’s constitution, means that early elections are likely to bring a new government to office just as this sparsely populatedWeekly upstreamonline.com 20 Jun 22:00 GMT
Missile strike in Iraq threatens to further strain US-Iran relations
A rocket hit a site in Iraq used by international oil companies — including US supermajor ExxonMobil — in the city of Basra mid-week, threatening to further escalate US-Iran tensions after a pair of attacks against shipping in the Persian Gulf on 13 June, writes Nassir Shirkhani. Iraq’s military said three people were wounded in the 19 June strike by a short-range Katyusha missile. It struck theWeekly upstreamonline.com 20 Jun 22:00 GMT
Guyana faces elections after CCJ ruling
Caribbean Court of Justice decides that controversial no-confidence vote against president was valid, with polls set to be called earlyWeekly upstreamonline.com 20 Jun 22:00 GMT
Construction to start on TMX this summer
Canada's Cabinet has approved the controversial Trans Mountain pipeline expansion (TMX) to carry more crude from Alberta's oil sands to the British Columbia coast, writes Caroline Evans. Construction is set to start this summer, Prime Minister Justin Trudeau said this week. Trudeau said the pipeline was necessary for Canadian crude to access markets outside the US, adding that "every dollar" madWeekly upstreamonline.com 20 Jun 22:00 GMT
Gazprom cool on contract
Political uncertainty and the ongoing restructuring of Ukraine's market has led Russia's Gazprom to argue there is unlikely to be any imminent new contract for the transit of gas through its neighbour to European markets, writes Vladimir Afanasiev. Gazprom board member Yelena Burmistrova said this week the upcoming reshuffle in Ukraine's government and elections for the country's parliament has lWeekly upstreamonline.com 20 Jun 22:00 GMT
Hopes London talks can net $7 billion of foreign direct investment into sector
NIGERIA aims to attract some $7 billion of foreign direct investment into the upstream oil and gas sector based on deals under negotiation in London this week, according to Nigerian National Petroleum Corporation (NNPC) managing director Maikanti Baru, writes Barry Morgan. Baru said current Nigerian oil and gas condensates production combined stood at 2.32 million barrels per day, while domesticWeekly upstreamonline.com 20 Jun 22:00 GMT
Hurricane sells first cargo of oil from EPS at Lancaster
UK independent Hurricane Energy has started oil exports from the early production system at its Lancaster field in the West of Shetland region off the UK, writes Rob Watts. Hurricane confirmed that the first cargo was sold earlier this week after being lifted from the Aoka Mizu floating production, storage and offloading vessel by the Amundsen Spirit shuttle tanker. It added that the cargo was maWeekly upstreamonline.com 20 Jun 22:00 GMT
Allseas lifts at Brent B
Allseas’ heavy-lift vessel Pioneering Spirit has removed the 25,000-tonne topsides of Shell's Brent Bravo platform in the North Sea in a single lift, a decommissioning operation that took about four hours. Located 185 kilometres north-east of the Shetland Islands, the Brent Bravo platform comprised a topsides structure supported by three steel-reinforced concrete legs in about 140 metres of waterWeekly upstreamonline.com 20 Jun 22:00 GMT
Four bid for Black Sea block
Four companies are said to have submitted bids for exploration and development rights covering the Dolphin offshore block in the Black Sea off Ukraine despite the continuing political wrangle between recently elected President Vladimir Zelensky and the nation’s parliament, the Rada, writes Vladimir Afanasiev. According to the authorities, applications to enter into talks with the government on aWeekly upstreamonline.com 20 Jun 22:00 GMT
Snadd and Black Vulture finds in frame for Norne FPSO
Equinor has unearthed another pair of discoveries in the vicinity of its Norne field in the Norwegian Sea that are likely tie-back candidates to the field’s floating production, storage and offloading vessel, writes Steve Marshall. The Snadd Outer Outer gas find and Black Vulture oil discovery are estimated by the state-controlled operator to hold combined recoverable resources of between 3 milWeekly upstreamonline.com 20 Jun 22:00 GMT
Korpfjell prospect is a disappointment again
Second Equinor wildcat targeting deep formation comes up mostly dry in Barents Sea, and well is permanently plugged and abandonedWeekly upstreamonline.com 20 Jun 22:00 GMT
Shell lines up semisub
Shell has chartered Dolphin Drilling’s semi-submersible rig Borgland Dolphin for one firm well, plus options for two more, at the Knarr field off Norway. The contract, which firms up an earlier letter of intent, entails development drilling work at the North Sea field, with a fixed value of $15 million including mobilisation costs. Work is due to start between February and May next year, withWeekly upstreamonline.com 20 Jun 22:00 GMT
Report calls for hydrogen push
International Energy Agency document highlights potential uses and challenges facing energy sourceWeekly upstreamonline.com 20 Jun 22:00 GMT
Nigerian gas flare round proceeds to evaluation phase
THE Nigerian Gas Flare Commercialisation Programme (NGFCP) this week began pre-qualification assessment of 250 companies expressing interest in bidding for 178 flare sites across the Niger Delta, according to Department of Petroleum Resources (DPR) deputy director for gas Olusanya Bajomo, writes Barry Morgan. The Evaluation Committee, which plans to report its conclusions within a month, compriseWeekly upstreamonline.com 20 Jun 22:00 GMT
Neconde gets second wind on OML 42 as agreement is made for key loan deal
NIGERIAN independent E&P player Neconde this month signed a $640 million secured medium-term loan facility with several local and international lenders to refinance capacity to develop Oil Mining Licence (OML) 42 for the next two decades. The lending consortium comprises four Nigerian institutions — Access Bank, Fidelity Bank, Zenith Bank and First Bank — and three international lenders, includinWeekly upstreamonline.com 20 Jun 22:00 GMT
Yinson nets long-term contract for Adoon
Malaysian floater player Yinson has secured a long-term extension for its floating production, storage and offloading unit Adoon off Nigeria from Addax Petroleum Development. The subsidiary of Chinese state-owned giant Sinopec is holding onto the FPSO until 16 October 2022 under the new four-year extension, which is backdated to 17 October last year. The value of the contract as of 17 June thisWeekly upstreamonline.com 20 Jun 22:00 GMT
New petroleum code on way for Gabon
Updated law is in the final stages and only awaiting ministerial signature and presidential assentWeekly upstreamonline.com 20 Jun 22:00 GMT
Aker to resubmit in Ghana
NORWAY-based Aker Energy has until the end of next week to resubmit its integrated plan of development for the Greater Pecan field, situated in the deep waters off Ghana’s western coast, writes Barry Morgan. Originally submitted on 28 March, Ghanaian authorities moved to query certain aspects of the development and, following exchanges, it was agreed that the plan would need to be resubmitted witWeekly upstreamonline.com 20 Jun 22:00 GMT
Ivory Coast to target awards
IVORY Coast Energy & Renewables Minister Abdourahmane Cisse has appointed Jean-Baptiste Aka Kadjo as his Director of Cabinet alongside a new Deputy Director, Viviane Ado Gossan. The country is expected to award two fresh offshore production sharing licences before the end of the month after direct negotiations conclude. Cisse said he aims to double oil and gas production by 2020, according to loWeekly upstreamonline.com 20 Jun 22:00 GMT
Protest thwarts drill plan
BP's plans to drill on its Vorlich oilfield in the UK North Sea were thwarted this week after continued protests by Greenpeace activists forced a Transocean-owned rig into a number of about-turns, writes Anamaria Deduleasa. The protest, now in its second week, has forced the semi-submersible Paul B Loyd Jr into numerous deviations, after two rigid hull inflatable boats were deployed from the GreeWeekly upstreamonline.com 20 Jun 22:00 GMT
Petrobras to enter talks over two Marlim FPSOs
Negotiations lined up with Yinson and Modec for units to revitalise ageing fieldWeekly upstreamonline.com 20 Jun 22:00 GMT
Petrobras plans EWT at Farfan
Petrobras is planning to start an extended well test (EWT) at the Farfan field in August, almost one year behind the original schedule and, according to sources, hopes to see through a farm-out offer in the same region soon afterwards, writes Gareth Chetwynd. The EWT will be carried out by the BW Offshore-owned Cidade de Sao Vicente floating production, storage and offloading unit. The vessel iWeekly upstreamonline.com 20 Jun 22:00 GMT
CNH nod for Ixachi field plan
Mexico’s National Hydrocarbons Commission (CNH) has approved a development plan by state oil company Pemex covering production from the key onshore Ixachi field, writes Kathrine Schmidt. Bringing that discovery to production has been designated as one of the priority projects of President Andres Manuel Lopez Obrador’s administration, which is making a major push to boost the country’s declining pWeekly upstreamonline.com 20 Jun 22:00 GMT
Security 'the big risk' at Rovuma development
The head of upstream at ExxonMobil has cited security as the biggest risk faced at the planned Rovuma liquefied natural gas development in Mozambique, where the US supermajor and its partners have recently received approval for their plan of development, writes Eoin O'Cinneide. The company and partners, including Italian major Eni and China National Petroleum Corporation (CNPC), are set to sanctiWeekly upstreamonline.com 20 Jun 22:00 GMT
Permian to lead US onshore output
The prolific Permian basin is set to lead the production increase in seven US onshore shale plays for the month of July, adding 55,000 barrels per day to a record 8.52 million bpd, according to a monthly report from the US Energy Information Administration (EIA), writes Julia Martinez. Crude output is set to increase by 70,000 bpd, with the majority of the boost coming from the Permian of south-eWeekly upstreamonline.com 20 Jun 22:00 GMT
Call of the sea takes Barros from finance to Seadrill role
Rig contractor's commercial director for Latin America South is pushing for more business and greater diversity in the industryWeekly upstreamonline.com 20 Jun 22:00 GMT
Chevron in transition to pre-salt
US supermajor Chevron has taken a U-turn in Brazil in recent years, relinquishing post-salt production assets and instead acquiring exploration blocks to target pre-salt deposits, writes Fabio Palmigiani. “Chevron has been in Brazil for nearly two decades and pretty much since the opening of the oil and gas market for international players,” says Chevron Brazil country manager Mariano Vela. TheFocus Editions upstreamonline.com 20 Jun 22:00 GMT
Appraisal call to come
Brazilian oil giant Petrobras plans to decide by March 2020 if it will continue appraisal drilling in the centre and south-eastern sections of the Libra pre-salt accumulation, writes Fabio Palmigiani. Since exploration work started in the wider Libra play five years ago, Petrobras has focused on drilling in the north-western portion, which was later declared the Mero field. Only three wells wereFocus Editions upstreamonline.com 20 Jun 22:00 GMT
Fourth in the chain may be scaled down
The first three floaters in Mero will be able to produce 180,000 barrels per day of oil and 12 million cubic metres per day of gas each, but the Mero-4 FPSO could be slightly smaller, at 150,000 bpd, according to Petrobras executive manager for the Libra (Mero) project Fernando Borges. The possible scaling down comes as Petrobras continues to analyse results from a well drilled in the area. “TheFocus Editions upstreamonline.com 20 Jun 22:00 GMT
Riser inspection study is turning up results
The 1% royalty levy that Brazil uses to fund oil and gas research and development, applied in circumstances where leading operators are working together to solve pre-salt challenges, is starting to produce some interesting new developments, writes Gareth Chetwynd. A key area of research for Petrobras, Shell and other partners in the first phase of pre-salt development is the issue of riser inspecFocus Editions upstreamonline.com 20 Jun 22:00 GMT
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