Increased recovery projects in Norway will unlock substantial oil resources, driven predominantly by the majority state-owned Equinor, according to GlobalData.
With oil currently expected to remain at lower prices for longer, the focus of operations has shifted away from constructing new wells in frontier areas, towards maximizing output from wells already in production.
Submitted by Editorial staff on 30th November 2017
30th November 2017
Located in Southern Iraq near the Kuwaiti border, the oilfield spreads over a 1,800km2 area. In 2009, a $15bn service contract was signed for its development.
Seismos Inc., a provider of real-time subsurface fluid flow monitoring for oil and gas production optimization, has secured funding of approximately USD 4m to power its market rollout and product enhancement efforts
Weatherford International has signed a definitive agreement with an affiliate of The Lubrizol Corporation, a Berkshire Hathaway company, for the sale of the company's engineered chemistry and integrity drilling fluids business
ExxonMobil Exploration and Production Malaysia Inc., an ExxonMobil subsidiary, announced the start-up of the Tapis enhanced oil recovery (EOR) project offshore Malaysia on Friday
