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Here’s a roundup of the latest E&P headlines including a commercial discovery offshore Israel and a five-year subsea frame agreement awarded by Petrobras from the past week in the upstream oil and gas industry.
OMV (Norge), operator of production licence PL 1100, is in the process of concluding the drilling of exploration wells 30/5-4 S and 30/5-4 A. The wells, which were drilled about 10 kms northwest of the Oseberg field in the North Sea, encountered gas condensate in the Middle Jurassic Tarbert Formation (the Brent Group).