Exploration & Production

Statoil aims for 2.5 million boepd production by 2020

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Statoil expects to raise production from around 1.9mn bpd of oil equivalent in 2010 to more than 2.5 million boepd in 2020.

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Saipem seals new E&C offshore deal in Egypt

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Saipem has been awarded new E&C Offshore contracts in Egypt, in the North Sea and in Russia, worth in excess of US$1 billion.

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Tethys accelerates Oman programme

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The development and exploration program on Blocks 3 and 4 onshore the Sultanate of Oman accelerated after a second drilling rig has been contracted.

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Kuwait Energy finds two new oil discoveries in Egypt

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Kuwait Energy Company discovered two new oil discoveries in the East Ras Qattara (“ERQ”) concession located in Egypt’s Western Desert.

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Bahrain's refinery upgrade plans could cost US$6bn

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Plans to boost the refining capacity of Bahrain by almost 50 per cent are projected to cost up to US$6 billion, the country's top oil official was quoted as saying this week.

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