Here are some of Rigzone's top upstream stories during the last week, just in case you missed them…
CNOOC Makes Large Oil and Gas Find
CNOOC Limited announced that the company made a “large sized” oil and gas discovery at the Bozhong 13-2 asset in Bohai Bay. The discovery well at the site was tested to produce an average of approximately 1,980 barrels of crude oil and 5.25 million cubic feet of natural gas per day, the company highlighted.
Read full article here
Oil Price Supercycle is a Meme
Analysts at Standard Chartered think the concept of an oil supercycle is “seriously flawed”. In a report sent to Rigzone, the analysts said it described a feeling rather than a process and was, in short, a “meme”.
Read full article here
Well Plugging Starts in Pioneering North Sea Field
Equinor reported that plugging operations began last month in conjunction with the planned shutdown of the Veslefrikk field in the North Sea. A total of 24 wells will be plugged from the Veslefrikk drilling system under existing framework contracts, Equinor stated.
Read full article here
Whispers of $100 Oil Return
Bloomberg highlighted that rumblings are starting to emerge that oil prices could top $100 per barrel once again by the end of 2022.
Read full article here
Petronas Makes Oil and Gas Discoveries
Petronas announced two separate discoveries on Wednesday; Hidayah-1 and Dokong-1. The former is an oil discovery offshore Indonesia and the latter is a gas discovery offshore Malaysia.
Read full article here
Petronas Taps TechnipFMC Unit for Deepwater Project
A subsidiary of Petronas awarded a unit of TechnipFMC a contract for the Limbayong Deepwater Development Project offshore Malaysia. The contract’s value is said to be between $250 million and $500 million.
Read full article here
To contact the author, email andreas.exarheas@rigzone.com
No comments:
Post a Comment