Asset Management
Equinor, Aker BP, and Vår Energi will combine resources and expertise to pursue some of the largest remaining exploration opportunities on the Norwegian Continental Shelf.
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The Loran Phase 2 license award builds on BP’s growing presence in Venezuela as it seeks to develop offshore projects, particularly shared fields near Venezuela’s maritime border with Trinidad and Tobago.
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A testing and completion program for the CN-1 discovery is under review. -
New well on the South Salinas project encounters commercial quantities of oil.
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The acreage comprises 10 leases covering approximately 25,430 contiguous acres.
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New well northwest of Cizre strikes 162 m of light oil pay.
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New probe extended past 5.3 miles deep in Tarim Basin.
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Life-extension project will double the facility’s life in hopes to double its output to date.
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The new well in offshore Bloc 9 is expected to wrap up by year-end.
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SMJ will get 50% nonoperating interest in the PSC.
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A look at recent first‑quarter results reminds us that there is no such thing as a constant trend in our industry. Continual recalibration of companies’ activities aim to obtain positive financial results in the traditional oil and gas business while devoting efforts in a practical way to both mitigate climate change issues and to develop new forms of energy.
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No one expected the transition to be without hiccups, and recently, those hiccups have been heard within and outside the oil and gas industry.
