Management
The discovery in the Kutei Basin offshore Indonesia is being considered for fast-track development.
The new development is estimated to hold 46 million recoverable bbl of oil and is planned to start up in late 2028.
Project in US Gulf will add about 15,000 BOEPD to the deepwater Atlantis project at peak production.
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Two new studies from completions experts suggest the global upstream industry has a major opportunity in medium-quality reservoirs. -
Discovered in 2010, the Búzios field offshore Brazil achieved a new milestone with the installation of its sixth production facility.
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In a deal described as possibly "one of the most important transactions BP has done in 20 years" by CEO Murray Auchincloss, the company has agreed contractual terms with the Iraqi government to invest in drilling and infrastructure to rehabilitate and boost production at the Kirkuk oil field.
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Key drivers of the rapid growth projection include Asia’s economic outlook and the rise of artificial intelligence.
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The engineering and construction firms take the first steps toward combining companies.
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The companies have announced they will work together to integrate geothermal well engineering and project delivery globally.
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A recent report from Wood Mackenzie highlights the role of natural gas in supporting renewables and reducing emissions.
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The Midland, Texas-based operator said the deal hands it the biggest remaining target in the Midland Basin side of the Permian Basin.
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Fresh permit will allow the project to move forward towards FID this fall, first production expected in early 2029.
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SponsoredElectrical submersible pumps (ESPs) are the backbone of artificial lift operations, enabling the extraction of hydrocarbons from challenging reservoirs. However, their effectiveness is often compromised by the extreme downhole environment, characterized by soaring temperatures, high pressures, and exposure to aggressive fluids.
