BW Energy: Appraisal confirms material Hibiscus field reserve increase

BW Energy has now concluded the drilling and the logging of the DHIBM-7P pilot well, confirming a substantial oil discovery with good reservoir quality and a material uplift to the Hibiscus area. The Company’s preliminary evaluation indicates an increase in Hibiscus gross recoverable reserves (mid-case) of approximately 8 million barrels of oil to 12 million […]

Oilfield Africa - Tuesday June 4, 2024
Trinidad and Tobago Shallow Water Competitive Bidding Round 2023/2024- CLOSED

The Shallow Water Competitive Bidding Round 2023/2024 was launched on October 3rd, 2023 and closed on May 27th, 2024 at 12 noon. Thirteen (13) offshore blocks were placed on offer, namely, Block 1(b), Block 2(ab), Block 2(d), Block 4(c), Block Lower Reverse L, Block Modified U(c), Guayaguayare (Offshore) Block, Block 21, Block 22(a), Block 22(b), […]

Oilfield Africa - Tuesday June 4, 2024
Equinor divests interests in the Gina Krog area

Equinor is selling 19.5% interests in production licenses PL 048E, which is the Eirin field, and PL 1201 to PGNiG Upstream Norway AS (PGNiG). With this, the ownership between Equinor and PNGiG in these licenses will be balanced with the Gina Krog field. The plan for development and operation (PDO) for Eirin was approved in […]

Oilfield Africa - Tuesday June 4, 2024
Equinor Investing to maintain high gas production at Troll

Equinor and the Troll partners have decided to invest just over NOK 12 billion to further develop the gas infrastructure in the Troll West gas province. This will accelerate production from the reservoir and thus maintain the current high gas export levels from the Troll and Kollsnes value chain leading up to 2030. Stage 2 […]

Oilfield Africa - Friday May 24, 2024
ADES Holdings Secures New Drilling Rigs Contract in Egypt

Key Highlights of the Awards • The SUCO award in Egypt’s Gulf of Suez is for a firm 21-month term expected to start in the coming weeks. The drilling campaign will utilize a standard jackup unit from ADES’ fleet.  • The contract value from the firm term is approximately SAR 161 million.  • The new […]

Oilfield Africa - Tuesday May 7, 2024
BW Energy Restructures ownership, exempts mandatory offer obligation

As previously disclosed, BW Group Limited (BW Group) currently owns 191,903,110 shares in BW Energy Limited (BW Energy), corresponding to 74.38% of the issued and outstanding shares and voting rights in BW Energy. As part of a corporate restructuring, BW Group is planning to separate BW Energy, as an oil & gas exploration business, from […]

Oilfield Africa - Monday May 6, 2024
ExxonMobil Set to Develop 200,000bpd Whiptail sixth Project offshore Guyana

ExxonMobil has made a final investment decision for the Whiptail development offshore Guyana, after receiving the required government and regulatory approvals. Whiptail, the sixth project on the Stabroek block, is expected to add approximately 250,000 barrels of daily capacity by the end of 2027.  “Our sixth multi-billion-dollar project in Guyana will bring the country’s production capacity […]

Oilfield Africa - Sunday April 21, 2024

CNOOC has announced  that the Company has made a major oilfield discovery of Qinhuangdao 27-3 in Bohai Sea, which adds over a hundred million tons of oil equivalent proved in-place volume. Qinhuangdao 27-3 Oilfield is located in the north-central waters of the Bohai Sea, with an average water depth of approximately 25 meters. The main […]

Oilfield Africa - Thursday March 21, 2024
Saudi Aramco Releases Full-Year 2023 Financial and Operational Results

2023 financial results, reporting a net income of $121.3 billion, its second-highest ever net income.  The results, underpinned by Aramco’s unique operational flexibility, reliability and low-cost production base, reflect the Company’s ongoing commitment to creating value for its shareholders. “In 2023 we achieved our second-highest ever net income. Our resilience and agility contributed to healthy […]

Oilfield Africa - Sunday March 10, 2024
CNOOC Achieves Major Milestone in Deep-Sea Oil Discovery

CNOOC Limited has confirmed a major oilfield discovery of Kaiping South in the deep-water deep-play of the South China Sea, which adds over a hundred million tons of oil equivalent proved in-place volume. The Kaiping South Oilfield is located in the eastern South China Sea, with an average water depth of approximately 500 meters. The […]

Oilfield Africa - Saturday March 9, 2024

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