upstream

Eni, Sonatrach Sign Upstream Agreement

Eni, and Sonatrach signed upstream agreement to relaunch exploration and development (E&D) activities in the Berkine basin and establish an oil and gas development hub through a synergy with existing MLE-CAFC installations, according to a statement.

Shell Signs SPA with Cheiron, Cairn for Onshore Upstream Assets in Western Dessert

Shell Egypt has announced that it entered into a share purchase agreement (SPA) for its onshore assets in the Western Desert of Egypt, with a consortium made up of subsidiaries of Cherion Petroleum Corporation and Carin Energy PLC.

Cheiron to Acquire 50% of Shell Egypt Onshore Upstream Assets

Cheiron Petroleum Corporation has agreed to purchase 50% of Shell’s upstream oil and gas interests in the Western Desert, according to press release. The remaining 50% of the interests will be purchased by Cheiron’s strategic partner, Cairn Energy plc, a new entrant into the Egyptian upstream sector.

Wintershall Dea Records High production level of 650,000 boe/d in Q4 2020

Wintershall Dea announced that it has achieved the highest level of production during Q4 2020 since the company’s merge, increasing to 650,000 barrels of oil equivalent per day (boe/d) and achieved 623,000 boe/d during the whole 2020, Mario Mehren, CEO of Wintershall Dea.

PETRONAS Achieves Gas Discovery in Malaysia

ETRONAS Company announced that it has achieved natural gas discovery from Dokong- 1 exploration well in Block SK 417 which is located in in the shallow waters of Baram Province at offshore Malaysia.

Iran’s NIDC Drills 117 Oil, gas Wells in one Year

The National Iranian drilling Company (NIDC) announced that it has completed drilling 117 oil and gas wells on a distance of 85,616 meters during the last year.

25th Iran Oil Show to kick off on January 22

Iran announced that the 25th edition of the International Exhibition of Oil, Gas, Refining and Petrochemicals will be launched for four days during the period from January 22 till January 25.

Iran to Start Oil Production from Azar Joint Field

The CEO of Oil Industries Engineering and Construction (OIEC) Group, Gholamreza Manouchehri, announced that the first phase of production from Azar joint oilfield will be soon.

EOG Upstream Technical Convention Postponed Due to Pandemic

The Egypt Oil & Gas (EOG) Upstream Technical Convention has been postponed to the end of March or the beginning of April due to the current circumstances of the Covid-19 pandemic, Mohamed Fouad, Committee Co-Chairman and Managing Director at EOG, announced during the EOG Committee meeting.

KGOC, Saudi Chevron Awards $25.4 MM to Napesco

National Petroleum Services (Napesco) was awarded a $25.4 million tender by Kuwait Gulf Oil Company (KGOC) and the Kuwait-based Saudi Arabian Chevron Inc.

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