1. Oil drilling surged in Guyana and Suriname
At the Offshore Technology Conference (OTC) held in Houston this week, Guyana and Suriname, two small South American countries, attracted the most attention, even surpassing the Gulf of Mexico. The two countries expect to carry out more exploration and drilling in the next two years.
With the acceleration of exploration in this area, there may be 10 drilling platforms in Guyana Suriname basin in 2022. At present, ExxonMobil has deployed six drilling vessels in Guyana waters, while total has deployed two drilling vessels in Suriname waters. According to statistics, a total of 15 companies have the mining rights of the basin.
2. Mexico approved the US $360 million offshore concession exploration plan of the Mexican national oil company
The Mexican hydrocarbon Commission (CNH) recently approved the request of PEP, the exploration and production department of Pemex, to expand the Tabasco 0151-m-uchukil offshore concession exploration plan.
After modification, the plan includes drilling 7 wells under the basic scheme, with a total investment of 361 million US dollars, and drilling 8 wells under the incremental scheme. The total investment can reach 790 million US dollars.
3. Federal judge rejects US approval of ConocoPhillips Alaska oil project
A federal judge on Wednesday revoked the approval of the U.S. Bureau of land management (BLM) for ConocoPhillips to develop the willow oil project in Alaska on the grounds that it would cause damage to the local environment.
4. Silixa launches the industry’s first underwater distributed optical fiber acoustic sensing system
Silixa, an optical fiber sensor supplier, announced on Wednesday that carina subsea 4D, a distributed optical fiber acoustic sensing (DAS) system, has been successfully installed and verified in the development of BP’s Atlantis phase 3 subsea oilfield project, and downhole seismic data have been successfully obtained from the permanently installed sensing system.
Silixa said that the carina subsea system is the world’s first permanent downhole seismic data acquisition system for subsea wells.
5. Gazprom’s net profit in the first half of 2021 reached US $2.9 billion
Gazprom neft announced its consolidated IFRS financial results for the first six months of this year on August 19. In the first half of the year, the net profit of Gazprom shareholders increased 26 times to US $2.9 billion. In the first half of this year, oil and gas production (including the share of Gazprom in the joint venture) was 48.5 million tons of oil equivalent, the same as that in the same period last year.
6. ConocoPhillips brings its Williston Basin assets to market
ConocoPhillips is evaluating the possibility of potential sales of its oil assets in the Williston Basin. The company estimates that the assets of the Williston Basin in North Dakota and Montana may be sold for about $200 million.
Large oil companies are divesting assets and focusing on low-carbon businesses.
7. ONGC invited private companies to bid for 43 small oil fields
ONGC has invited private companies to bid for its 43 small oil field partnerships with the aim of increasing the production of these fields. ONGC has divided 43 oil and gas fields into 11 contracts, with total reserves of 160 million tons of oil equivalent.
Post time: Aug-20-2021