A Marcellus Shale discovery by EQT, Marathon’s Upper Three Forks completion and two horizontal Woodford producers top this week’s drilling activity highlights from around the world.
Woodside Petroleum Ltd. said on Dec. 24 it has signed an agreement to supply liquefied natural gas (LNG) to German utility Uniper SE for 13 years starting 2021.
Oil prices rose on Dec. 24 in thin pre-Christmas trading after Russia's energy minister said cooperation with OPEC to support the market would continue and as analysts forecast a second weekly decline in U.S. crude inventories.
The discovery was located within title AC/P64 about 160 km (99 miles) northeast of the Shell-operated Prelude floating LNG facility.
ConocoPhillips has reached an agreement with 3D Oil to take a 75% interest and operatorship of an exploration permit offshore Australia in the Otway Basin, the U.S. major said Dec. 18.
The company plans to produce 120 million barrels of oil equivalent (MMboe) a year by 2025, up from a forecast of 100 MMboe previously.
More EOG Wolfcamp completions, Cabot Marcellus Shale results and a Powder River Basin wildcat top this week’s drilling activity highlights from around the world.
Success in those projects would result in its reserve base reaching 3.7 billion barrels over the next seven years and help Woodside expand production by 6% a year over the next decade, the company said.
The breakthrough follows months of talks between the two companies over what to charge for processing gas from the field through Woodside’s Pluto LNG plant.