Tuesday 24 May 2016
 
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Oil wells

Iran oilfield targets 22 new wells by March

Iran’s South Yaran Oilfield plans to drill 22 wells by March 2016, a top official said, adding that up to 60,000 bpd of crude oil is expected to be recovered from the field's Sarvak layer once the wells are drilled. A nu

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Iraq agrees $526m drilling deal for West Qurna oilfield

Iraq's cabinet has approved a $526.6 million drilling deal with China's Zhongman for the West Qurna Two oilfield, the government said in a statement on Tuesday. Under the 28-month contract, Zhongman Petroleum and Natural G

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UK offshore oil & gas – what next?

The low oil price is expected to dramatically impact O&G activity on the UK Continental Shelf (UKCS), resulting, most notably, in a decrease in the number of wells drilled, a report said. In 2014, drilling campaigns were signi

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Sudan to drill 250 wells to boost oil, gas reserves

Sudan's oil minister says the country will drill more than 250 wells in the coming year, aiming to boost its energy reserves by 65.4 million barrels of oil and 300 billion cu ft of gas, state media reported on Tuesday. When So

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Petrofac wins $970 million Algerian contract

UK-based oil and gas services group Petrofac, which slashed its 2014 profit forecast by 11 percent this month, said on Friday it was awarded a contract worth $970 million in Algeria. Petrofac said the contract was for gas gatherin

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Lukoil awards Iraq contract to Baker Hughes

US-based Lukoil has awarded Baker Hughes, a major oilfield services company, a two-year contract to provide full drilling and completion services for 23 wells in the West Qurna field in southeast Iraq. Under the terms of the contract, Bake

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19 new Bahrain oil wells begin production

Nineteen new oil wells have been drilled and have started to produce oil at Bahrain's onshore fields, it was revealed. Oil and Gas Affairs Minister and National Oil and Gas Authority chairman Dr Abdulhussain Mirza said these wells have

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Halliburton wins Iraq oil wells deal

Iraq, along with oil major Royal Dutch Shell and Malaysia's Petronas have awarded a contract to Halliburton Co to drill 15 oil wells in the supergiant Majnoon oilfield, an oil official said on Monday.    Oil and gas service

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BP sees up to 50 new wells in Rumaila

BP and its partners, China's CNPC and Iraq's South Oil Co, expect to issue tenders to drill 40-50 new wells in the supergiant Rumaila oilfield this year and 'about the same' next year, a company official said. The executive

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Aramco to drill hundreds of wells this year

State oil giant Saudi Aramco will drill at least 300 development wells on and offshore and 48 exploratory wells this year, an executive said. "We are proceeding with our development and exploration programme, (and) this year we are going t

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