Tag Archives: Offshore

The Italian oil major may have hit another find comparable to its giant Zohr field offshore Egypt.

Subsidiaries of CNOOC. Hess Corp. Chevron Corp and Statoil ASA each have a 25-percent stake in the project. while Hess is the operator.

Qatar Petroleum entered into an agreement with Total of France to acquire a 25% participating interest in the Exploration Block 11B 12B.

These two companies will retain a shared 30 percent interest alongside operator ExxonMobil. which has a 35 percent stake.

Abouzar is located 76 kilometers southwest of the Kharg Island.

CNOOC expects to drill 132 wells this year. up from 126 wells drilled in 2017.

The daily production of this field is 140.000 barrels of oil from near 90 wells.

Shell is to increase the capital allocated to its new energies division. which includes offshore wind. to $1-2 billion a year until 2020.

South Pars is being developed in 24 phases.

According to the report. the refiner shipped in about 21 percent less oil from Iran at about 134.000 bpd in 2017.