drilling | Egypt Oil & Gas - Part 28
Drills and Capex Sacrificed by KMG EP Due to Oil Prices
KazMunaiGas Exploration Production (KMG EP) has been forced to slash its 2015 capex spending and reduce its planned development drilling by 78 wells because of the low oil price environment
Circle Withdraws from High-Risk Onshore Oman Well
Circle Oil has had to plug and abandon its Shisr-1 well onshore Oman because of drilling difficulties and failing to find hydrocarbons.
Oman: $116 million for New Drilling Project
Dalma Energy, a leading drilling contractor, has partnered with National Bank of Oman (NBO) for the financing of a new project for Petroleum Development Oman (PDO), according to a report.
Qatari Drilling Outfit Makes Record Profits
Qatar’s Gulf International Services (GIS) on Tuesday reported a 108.4% increase in net profit last year after strong growth in the company’s drilling sector and a one-off non-cash accounting adjustment.
Offshore Drilling Set to Increase in 2015
Based on Douglas-Westwood’s offshore drilling forecast, there are still plenty of wells to be drilled if the 2015 oil prices average between $50-70/bbl.
Repsol Completes Drilling Off Canary Islands
Repsol has completed operations on an exploratory well offshore the Canary Islands.
Northern Offshore Terminates Contract with Oceanic in Nigeria
Northern Offshore Ltd. has issued a notice of drilling contract termination to Oceanic Consultants Nigeria Ltd. for the Energy Searcher.
Ithaca Energy: North Sea Facilities Near Completion
Ithaca Energy says drilling continues on the Stella Ekofisk well for the Greater Stella Area (GSA) development in the UK central North Sea.
