Picture for illustrative purpose only.
Vessel will be delivered by Ocean Yield ASA to Sabic's Houston base in December
The well flowed at a stable rate of 3,800 barrels of 28° API oil per day on a 52/64 choke from an open hole test of a 170-meter interval
The exact amount of oil and gas resources in the Sea of Oman is still unknown, but primary studies are promising of satisfactory estimations.
The number of rigs operating in Saudi Arabia has climbed from 105 to 126 since 2014 at a time when the number of rigs drilling for oil and gas around the world has fallen 1,382 to just 920
Four agreements have been signed between the Bahrain Petroleum Company (Bapco), Tatweer Petroleum and Eni.
Plan will maximise gas exploration and production strategy
With the low oil prices driving cost and optimisation, for most businesses in this segment, Al-Bahar aims to show case Caterpillar's latest innovation, which leverages different fuel sources and connecting assets.
The Faihaa-2 well in the Block 9 concession of Iraq's Basra governorate, which was dug up in early January and carried testing production in September, has reportedly stabilised at a rate of 5,600 barrels per day.
DNO said its Oman production averaged 5,900 barrels of oil equivalent per day during Q2 2016
The OPEC member pumped 4.632mn barrels of crude oil per day in July compared with 4.559mn bpd in June
State-owned Ganoub El-Wadi Petroleum Holding Company (Ganope) has issued a new international tender for oil and gas drilling and explorations in Gulf of Suez and Sinai
Operator says ground has been prepared for the project, which was launched in mid-2015 in record time, three months short of the date specified in the approved plan
The Sultanate's production of crude oil and condensates grew by 3.6% to 182.05mn barrels in the first half of 2016, from 175.67mn barrels during the same six month period in 2015
Both parties will share information and experience in the relevant areas and also exchange technical information and data to identify and progress areas of mutual interests
Iran pumped 3.63mn barrels of crude daily in June, which is the highest since 2011
Sultanate's production during May 2016 stood at 30.10mn barrels, a daily average of 999,836 barrels