offshore | Egypt Oil & Gas - Part 22

UK Project Spending Set to Drop

Capex in the UK’s offshore sector totaled $19 billion last year, according to analysts Wood Mackenzie’s annual UK upstream review. This kept the UK in the top 10 countries for upstream spending globally.

AGR Awarded Well Support Contract by Edison

Edison Norge has awarded AGR a three-year well management services contract, optionally extendable to five years.

Results Inconclusive on Morocco Offshore Oil Discovery

Genel Energy says the SM-1 exploration well on the Sidi Moussa permit offshore Morocco is being P&A’d after encountering oil in fractured and brecciated cavernous Upper Jurassic carbonates.

Eni Brings Congo’s Nene into Production

Italian energy company Eni announced it brought the Nene Marine field into production off the coast of the Republic of the Congo, 16 months after discovery.

Statoil Announces Valemon Offshore Oil and Gas Field on Stream

On 3 January the Valemon gas and condensate field in the North Sea was brought on stream by Statoil and partners. Recoverable reserves from the field are estimated at 192 million barrels of oil equivalent.

Lime Petroleum Prepares to Drill Offshore UAE

Hibiscus Petroleum has issued a progress report on the activities of its part-owned subsidiary Lime Petroleum offshore the UAE.

Dragon lands Egypt offshore block

Dragon Oil plc, an international oil and gas exploration, development and production company, is pleased to announce that we have been notified by Ganoub El Wadi Holding Petroleum Company (Ganope).

SAIPEM: New E&C Offshore contracts worth $500 million in Latin America

Saipem has been awarded new E&C Offshore contracts in Latin America for the total value of approximately $500 million.

Statoil: New high-impact discovery offshore Tanzania

Statoil and co-venturer ExxonMobil are pleased to announce their third high impact discovery in Block 2 offshore Tanzania in a year.

Algeria to launch first offshore blocks

Algeria intends to launch a licensing round including offshore blocks for the first time within the next two years, according to Minister of Energy and Mining of Algeria, Youcef Yousfi.

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