Picture for illustrative purpose only.
Vessel will be delivered by Ocean Yield ASA to Sabic's Houston base in December
The Qattameya Shallow-1 exploration well was drilled to a total depth of 1,961 metres in water depth of around 108 metres
With Khazzan due to deliver a billion cubic feet a day by the end of 2017, the two fields will together eventually increase Oman’s natural gas supply by around 40%.
The root of the issue dates back to 2014 when Saudi Arabia decided to shut down the Al Khafji Field citing unspecified environmental issues.
The massive find of conventional oil on state land could bring relief to budget pains in Alaska brought on by slumping production in the state and the crash in oil prices
The company is currently involved in Iraq, with 400,000 bpd of oil production, and in Egypt, with 6,000 bpd
Iranian senior official said exploration was also being carried out for shale gas reserves in the area, and the studies were expected to be completed by October 2017
The agreement aims to exchange knowledge between the PI's research team and SNOC’s E&P experts and to provide Msc and PHD internship opportunities for the PI students
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