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This is the first exploration well in production licence 849. The licence was awarded in APA 2015.
Read More »Statoil Reports Small Gas Find Southeast of Snøhvit Field in the Barents Sea
Total-Led Group to Pay 2.5pc Interest in Iran Gas Deal
The first and second stages of the project would become operational in 40 months and 60 months respectively.
Read More »China Becomes One of the Biggest Oil Drilling Contractors in Kuwait
Kuwait has so far bought Chinese-made rig equipment worth more than 4.3 billion yuan.
Read More »Low Oil Prices Push OPEC Producers to Public Markets
OPEC’s largest producer. Saudi Arabia. also hopes to enter public markets in the future.
Read More »Turkmenistan Continues Exploring Uzynada Gas Field
The field belongs to the fields’ zone of Kyzylkum depression. which is located not more than 200 meters above the sea level.
Read More »First Phase of Saudi Aramco`s Energy Industrial City Complete in 2021
The city is expected to add 22.5 billion riyals ($6 billion) to gross domestic product (GDP) each year and create thousands of jobs.
Read More »Exxon. Hess. Statoil Sign Oil Exploration Deals Offshore Suriname
Statoil. for its part. said on Friday that ``Block 59 is a potential extension of the trend on which the Liza discovery was made in neighboring Guyana.``
Read More »Turkey Will Take More Active Role in Mediterranean
Turkey assigned TGC Gökçeada frigate Thursday to observe the drilling ship.
Read More »Goldman Sachs Warns of Oil Below $40 Without OPEC `Shock and Awe`
OPEC must increase output cuts aimed at shrinking a global glut with little public announcement in order to jolt investors.
Read More »Erdogan Warns Oil Companies Over Projects with Greek Cypriots
Total TOTF.PA won an offshore exploration license from Cyprus for drilling this year.
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