Norway-based DNO International has updated its estimate of proved and probable working interest reserves to 502 million barrels of oil and 165 billion cubic feet of gas at March 31, 2012, up from a total of 372 million barrels of oil at December 31, 2011
Exploration & Production
Saudi focus on energy projects increasing in 2012
Saudi Arabia is implementing energy projects worth US$37 billion during the current fiscal year as it attempts to meet the increasing demand for refined oil products
Lukoil starts drilling first oil well in Iraq's West Qurna-2
Lukoil has started production drilling and construction of an oil processing unit at the West Qurna-2 field, which has estimated reserves of 14 billion barrels
Lamprell nets additional rig deal from NDC
Abu Dhabis National Drilling Company (NDC) has awarded Lamprell a US$333 million contract for the construction of two jackup rigs
Gulf Keystone achieves record flow rate at Shaikan-4 well
Gulf Keystone has announced record flow rate results following the completion of the testing programme for the Shaikan-4 deep appraisal well in the Kurdistan Region of Iraq
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