Exploration & Production

Oil production kicks off in Kurdistan's Atrush block

TAi81 2017 07 03Abu Dhabi National Energy Company PJSC (TAQA), a leading global energy company headquartered in Abu Dhabi with operations in 11 countries, has started oil production at its Atrush block in the Kurdistan region of Iraq

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Libya's oil production exceeds one million bpd

El Saharara oil field LibyaLibya's oil production has risen to 1.012mn barrels per day (BPD), as reported by Reuters, topping one million barrels for the first time in four years

State-owned National Oil Corporation had targeted reaching one million bpd by the end of July. Output has been helped by an interim deal with Germany's Wintershall to resume production amid a contract dispute, said Reuters.

On Thursday, according to the Reuter's source production had been fluctuating between 950,000 bpd and close to one million bpd due to technical and power generation problems. He expected production to stabilise at the higher end of that range "very soon".

Libya's oil sector has been dogged by unrest since the overthrow of leader Muammar Gaddafi in 2011. A power struggle involving various tribal, military and political factions has since affected oil infrastructure through port blockades and pipeline shutdowns, said Reuters.

Libya, along with Nigeria, is exempt from a deal between the Organisation of the Petroleum Exporting Countries and non-OPEC producers to curb output by around 1.8mn bpd.

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Saudi Arabia takes top position in global recoverable oil ranking

RystadIn its annual review of global oil resources, Rystad Energy has found that Saudi Arabia effectively added more recoverable oil resources, thereby retaking its top position ahead of the United States and Russia, with total recoverable oil resources reaching to 276bbo in the country

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Proven Saudi Arabia announce expansion into Saudi region of Al Khobar due to an increase in business demand

16487528 1007485329395701 5868903727347467855 oProven Saudi Arabia, the leading business support services provider for the Kingdom, have announced its expansion into Al Khobar

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Weatherford introduce cased-hole evaluation system for enhanced oil recovery

1388085564910Weatherford International plc announced the commercial release of the Raptor™ 2.0 cased-hole evaluation system on 19 June 2017 at the Society of Petrophysicists and Well Log Analysts Annual Symposium

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