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Golden Eagle development : EnQuest to acquire Suncor’s stake in $375m worth deal

Golden Eagle development : EnQuest to acquire Suncor’s stake in $375m worth deal

EnQuest has signed a deal worth up to $375 million to acquire Suncor Energy UK’s entire stake of 26.69% in the Golden Eagle development in the UK North Sea. As per the terms of the deal, the UK-based oil and gas company will pay an initial consideration of $325 million and a contingent consideration of […]

Payara oil project : ExxonMobil, Hess move ahead with $9bn project in Guyanese waters

Payara oil project : ExxonMobil, Hess move ahead with $9bn project in Guyanese waters

ExxonMobil and Hess have sanctioned the $9 billion Payara oil project in the Stabroek Block in Guyanese waters having secured government approval. The final investment decision (FID) taken on the Payara development project paves the way for the Payara discovery brought into production by taking up drilling of 20 production wells and 21 injection wells […]

CNOOC begins production from Jinzhou 25-1 oilfield 6/11 project

CNOOC begins production from Jinzhou 25-1 oilfield 6/11 project

Jinzhou 25-1 oilfield 6/11 project : Chinese national oil company CNOOC said that it has started production from the Jinzhou 25-1 oilfield 6/11 area in the Bohai Sea in China. Located in central Liaodong Bay, the Jinzhou 25-1 oilfield 6/11 area is contained in an average water depth of 22.5 meters. Apart from completely using […]

CNOOC begins production of Liuhua 16-2 oilfield/ 20-2 project in China Sea

CNOOC begins production of Liuhua 16-2 oilfield/ 20-2 project in China Sea

Liuhua 16-2 oilfield/ 20-2 project : CNOOC has started production of the Liuhua 16-2 oilfield/ 20-2 oilfield joint development project in the Eastern South China Sea. According to the Chinese national oil company, the Liuhua 16-2 oilfield / 20-2 oilfield joint development project is in an average water depth of nearly 410 meters. CNOOC said […]

CNOOC begins production from Nanbao 35-2 oilfield S1 area

CNOOC begins production from Nanbao 35-2 oilfield S1 area

Chinese national oil company CNOOC said that it has started production from its 100% owned Nanbao 35-2 oilfield S1 area in the central Bohai Sea in China. Nanbao 35-2 oilfield S1 area is contained in an average water depth of 17 meters. Apart from completely using the existing facilities of the Nanbao 35-2 oilfield, the […]

ExxonMobil and partners report Redtail oil discovery in Stabroek Block

ExxonMobil and partners report Redtail oil discovery in Stabroek Block

Redtail oil discovery : ExxonMobil and its partners have pulled off their 18th discovery in the Stabroek Block in Guyanese water following the drilling of the Redtail-1 well. The latest oil discovery in Guyana adds to the previously announced estimated recoverable resource of over eight billion oil-equivalent barrels in the Stabroek Block. According to ExxonMobil, […]

Mero oil field : Petrobras and partners to move ahead with phase 3 development

Mero oil field : Petrobras and partners to move ahead with phase 3 development

Petrobras and its partners will move ahead with the phase 3 development of the Mero oil field in the Libra block offshore Brazil, having taken the investment decision. The Mero field is located deep offshore in the prolific pre-salt area of the Santos Basin, 180 kilometers off the Rio de Janeiro coast. The partners will deploy […]

Penglai 19-3/19-9 project brought into production by CNOOC and ConocoPhillips

Penglai 19-3/19-9 project brought into production by CNOOC and ConocoPhillips

China National Offshore Oil Corporation (CNOOC) and its partner ConocoPhillips China have started production from the Penglai 19-3 oilfield area 4 adjustment/Penglai 19-9 oilfield phase II project (Penglai 19-3/19-9 project) offshore China. The Penglai 19-3/19-9 oilfields in the Bohai Sea are located in an average water depth of nearly 28 meters. CNOOC, which has constructed […]

CNOOC makes Kenli 6-1 oil discovery in Bohai Bay, offshore China

CNOOC makes Kenli 6-1 oil discovery in Bohai Bay, offshore China

The China National Offshore Oil Corporation (CNOOC) has claimed to have pulled off a large-sized discovery Kenli 6-1 in Bohai Bay, which it expects to become the first large-sized oil filed in Laibei lower uplift. The Chinese state-owned oil and gas company said that the Kenli 6-1 structure is located in Laibei lower uplift in […]

Bozhong 34-9 oilfield brought into production by CNOOC in Bohai Sea

Bozhong 34-9 oilfield brought into production by CNOOC in Bohai Sea

China National Offshore Oil Corporation (CNOOC), a Chinese national oil company has started production from the Bozhong 34-9 oilfield in the south of Bohai Sea. Contained in an average water depth of 18.1 meters, the Bozhong 34-9 oilfield is using the existing facilities of Kenli oilfield for its production apart from a central platform and […]