Exploration & Production

Hout oil field contracts awarded

Hout_oil_fieldMcDermott International and Daewoo Engineering and Construction have reportedly signed contracts to build facilities to recover gas from Hout oil field, according to industry sources.

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Gazprom Neft reactivates third Badra well in Iraq

Gazprom_NeftGazprom Neft announced that it had reactivated its third well, Bd1, at the Badra field located in Wassit Province in Eastern Iraq.

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Iran’s oil output drops to a new low

Iran_oilfields_2Oil production in Iran has dropped to a new low in February with crude output falling by 50,000 bpd to 3.38mn bpd, according to the International Energy Agency (IEA).

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Aker Solutions wins Chinese contract for drilling equipment

Aker_drillingA subsidiary of Honghua Holding of China has awarded Aker Solutions a US$64mn contract to deliver high specification drilling equipment components for seven new onshore drilling rigs in the region.

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Seadrill agrees jack-up rig deal in Saudi

West-CallistoSeadrill has signed a US$184mn contract with Saudi Aramco for the employment of its jack-up rig West Callisto offshore Saudi Arabia.

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