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Iran’s NIDC drills 54 oil wells during March-JulyNational Iranian Drilling Company (NIDC) drilled one exploration, 22 development and appraisal and 31 workover wells in the four-month period from mid-March to mid-July, said a top official. "Of this figure, 40 wells were loc More… |
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Islamic State loses control of last oil wells in IraqIslamic State militants no longer control any oil wells in Iraq after being ousted by government forces last week from an area near Kirkuk, the oil ministry said on Wednesday. The ultra-hardline Sunni Muslim group were driven out More… |
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Eni, BP drill two wells in field southeast of DeltaItaly-based Eni and BP, the UK energy giant have finished drilling two wells in the South Baltim field, located southeast of the Delta in Egypt, a report said. The production of 350 million cu ft of gas daily from the project will More… |
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Iran oilfield targets 22 new wells by MarchIran’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 More… |
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Iraq agrees $526m drilling deal for West Qurna oilfieldIraq'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 More… |
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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 More… |
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Sudan to drill 250 wells to boost oil, gas reservesSudan'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 More… |
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Petrofac wins $970 million Algerian contractUK-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 More… |
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Lukoil awards Iraq contract to Baker HughesUS-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 More… |
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19 new Bahrain oil wells begin productionNineteen 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 More… |
