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Norway: Equinor investing in further development of the Asgard field


Norway: Equinor investing in further development of the Asgard field
04 Mar 2021
Åsgard licence have decided to invest just under
NOK 1.4 billion to further develop the field and implement the Åsgard B low-pressure project.
We’re pleased that the Åsgard owners have given their go-ahead for the low-pressure project. The project will increase production from the current Smørbukk wells and contribute to achieve planned production from the field. We’re also awarding a contract to Aker Solutions which will provide valuable activity and help maintain jobs in a difficult time, says Geir Tungesvik, Equinor’s senior vice president for projects. ....

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Australia: Strike Energy announces West Erregulla update


Australia: Strike Energy announces West Erregulla update
04 Mar 2021
•Hydrocarbons shows observed throughout the entire hole section.
•Wireline logs will now be run across this section.
Strike Energy has provided an update on the drilling operations at
WE4 behalf of the
Current Operations
Since the last update, Strike has drilled the second intermediate hole section in 12-1/4” down to a final section depth of 3,906m into the Kockatea Shale.
During the drilling of this section hydrocarbon shows have been observed throughout and as a result, wireline logs will be run through the section. The presence of these hydrocarbons is supportive of Strike’s geological models and the results are analogous to observations seen in the West Erregulla 2 well. ....

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Interoil signs agreements in Colombia and Argentina and announces small private placement


Interoil signs farm-out agreements in Colombia and Argentina and announces small private placement
04 Mar 2021
Interoil Exploration and Production has announced two transactions which strengthen the company’s production growth outlook in both Colombia and Argentina.
In
SLS and Quantum Resources for the drilling of the remaining committed
exploratory well (Mazorca) in the Altair block. This agreement is subject to Interoil’s obtainment of the funding required to meet its obligations under the farm-out agreement.  The subscription of the small private placement announced herein constitutes a Company action aimed at securing such funding.
In
Velitec to invest in the
re-opening of 15 wells in the Mata Magallanes Oeste (MMO) oil field, including the reconditioning of the nearby dispatch battery at the ....

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Offshore project commitments count set for record in coming years, deepwater to have top growth


Offshore project commitments count set for record in coming years, deepwater to have top growth - Rystad Energy
04 Mar 2021
Offshore project commitments are expected to not only recover going forward, but their number is also set to reach a new record in the five-year period towards 2025, cumulatively almost 600 projects, a
Rystad Energy report shows. Deepwater commitments will enjoy the largest growth as their cost has now become much more competitive against greenfield continental shelf reserves.
For the purpose of this analysis, we have defined that a project is 
committed when more than 25% of its overall greenfield capex is awarded through contracts. ....

United States , Rajiv Chandrasekhar , Free Solutions , Rystad Energy Cost Solution , Rystad Energy , Cost Solution , Offshore Cost Benchmarking Report , South America , Middle East , E Ampp News , Oil And Gas Exploration , Exploration And Production , Energy Pedia , Geological And Geophysical , Alternative Energy , Heavy Oil , Oil And Gas Condensate , Licence Round , Oil And Gas Ministry , Oil Companies , ஒன்றுபட்டது மாநிலங்களில் , ராஜீவ் சந்திரசேகர் , இலவசம் தீர்வுகள் , செலவு தீர்வு , கடல் செலவு மட்டக்குறியிடல் அறிக்கை , தெற்கு அமெரிக்கா ,