Development for Southeast Asia looks promising with exploration programs planned for 2021 and 2022.
Technology is increasingly playing a huge role in helping oil and gas operators use data to help better manage their offshore assets.
BHP, operator of the Shenzie Field, had agreed in early October to the acquisition of Hess’ 28% working interest in the deepwater Gulf of Mexico field for $505 million.
Milestone recorded as one-trip sidetrack sets record in the Gulf of Mexico.
Upstream activity will fuel the region as a leader on the road to recovery.
Weatherford International Plc has launched ForeSite Sense, the world’s most comprehensive reservoir monitoring solution that shows, in real-time, the critical downhole data that determines profit: pressure, temperature and flow, the company said on Oct. 5.
Hess agreed to sell its stake in the Shenzi Field in the deepwater Gulf of Mexico to field operator BHP as it looks to deepen its investment offshore Guyana.
Proceeds from its farm-down to Shell enables Kosmos Energy to accelerate high-graded exploration opportunities in “proven basins that offer superior returns with shorter payback,” CEO Andrew Inglis says.
French energy group Total and its partners have launched the third phase of development for the Mero deep offshore oil project off the coast of Brazil.
Following the acquisition, Woodside Petroleum will have to foot a bigger share of the $4.2 billion development cost for the Sangomar oil project in Senegal.