Premier Oil has contracted the drillship Valaris DS-9 to drill the Berimbau/Maraca stacked prospects on block 717 in the Ceara basin offshore Brazil. The well, due to spud in 3Q, will target a potential 300-MMbbl resource (Premier operator, 50%). Offshore Mexico, the company…
Premier Oil plans to drill three development wells in mid-year on its Catcher Area satellite oil fields in the UK central North Sea. These will be on Catcher North, Laverda and Varadero. Fabrication is in progress of the flexible flowlines, umbilicals and modifications to…
Columbus Energy has announced an update for its Saffron well, onshore Trinidad. Highlights The Company has successfully completed drilling and casing operations for the Saffron well, reaching a total depth (“TD”) of 4,634 feet as planned The Company completed open hole logging…
Russia officially opened its TurkStream natural gas pipeline on the 8th January, further diversifying export routes to Europe amid a backlash from the US. President Vladimir Putin and his Turkish counterpart Recep Tayyip Erdogan met in Istanbul to inaugurate the pipeline in a ceremony…
The Government of Senegal has approved the Rufisque Offshore, Sangomar Offshore, and Sangomar Deep Offshore (RSSD) joint venture Exploitation Plan and granted the Exploitation Authorisation for the Sangomar field development located offshore Senegal. Woodside submitted its development and exploitation plan for the Sangomar field,…
The Norwegian Petroleum Directorate (NPD) has granted Neptune Energy a drilling permit for a well in the Norwegian Sea. The well 6507/8-10, named Grind, will be drilled from the West Phoenix semi-submersible drilling rig after completing the drilling of wildcat well 15/3-12 S for…
Canada Kuwait Petrochemical Corporation CKPC), a joint venture of Pembina Pipeline Corporation, Calgary, and Petrochemical Industries Company KSC (PIC) of Kuwait, has let a contract to Heartland Canada Partners – a 50-50 partnership between Fluor Canada Ltd and Kiewit Construction Services ULC – to provide…
FAR Gambia has awarded Shearwater GeoServices a 3D Isometrix seismic acquisition project offshore The Gambia. The one-month survey, to be conducted from the SW Amundsen, will cover parts of block A5 in the Mauritania, Senegal, Gambia, Guinea-Bissau, Conakry basin. It will focus on…
West Texas Intermediate (WTI) and Brent crude oil prices finished lower on the 7th January. The February WTI contract price settled at US$62.70 per barrel, reflecting a 57-cent loss. It peaked at US$63.15 and bottomed out at US$62.11. March Brent lost 64 cents,…
Premier Oil’s largest creditor, ARCM, is opposing the oil company’s plan to extend its debt maturity and acquire UK North Sea assets from BP and Dana Petroleum, claiming the company’s high-risk strategy will only increase risk for stakeholders. Premier revealed earlier on the 7th…
