Tharwa Petroleum Production to Reach 7,250 b/d in 2019
Tharwa Petroleum Company plans to produce 7,250 b/d in 2019 by drilling six exploratory wells and five development wells.
Tharwa Petroleum Company plans to produce 7,250 b/d in 2019 by drilling six exploratory wells and five development wells.
The company will drill and complete five development wells, adding around 5,000 boe/d to its production.
ADES International is renewing its contract for the ultra-shallow water rig Admarine 67 for a client in Saudi Arabia for seven years.
Eni plans to start drilling the tenth well at the Zohr natural gas field during January 2019 at a cost of $300 million.
The Kuwait Oil Company (KOC) has signed contracts worth $1.3 billion to buy over 86 drilling rigs.
TransGlobe Corporation has announced it will allocate a $24.1 million capital budget for Egypt during 2019.
A Turkish Oil Ship has started to drill for oil and gas in the Mediterranean Sea on October 31, sparking fears over potential disputes with neighbors Cyprus and Greece over jurisdiction.
Saudi Aramco plans to spend $133 billion on oil and gas drilling over the next decade, a senior company executive revealed on September 17.
Belayim Petroleum Company (Petrobel) drilled 35 wells in fiscal year (FY) 2017/18 at a total cost of $179 million.
Rowan Companies jack-up rigs joint-venture ARO Drilling has been awarded six three-year contracts by Saudi Aramco for Rowan rigs.