Egypt said on Dec. 29 that it awarded oil and gas exploration concessions in the Red Sea to Chevron, Royal Dutch Shell and Mubadala in an international tender.
Chevron was awarded the first block, Shell a second block, and a third block was awarded jointly to Shell and Mubadala with a total exploration area of around 10,000 square km (3,860 square miles) and with a minimum investment of $326 million, the petroleum ministry said in a statement.
Apache Corp. said Sept. 14 it has collected reservoir and other technical data on the Kwaskwasi-1 discovery well in Block 58 offshore Suriname as it starts operations on another exploration well.
Hybrid mud logging is a major step change in providing quantitative data in near-real time without increasing personnel.
Powered by surface pumps, a new pump design harnesses the momentum of one fluid to move another fluid.