The global market of well intervention reached an estimated value of nearly US$6bn in 2017 and is likely to expand at an impressive six per cent CAGR value over the 2018-2026 period, according to a Fact.MR report
Exploration & Production
ADNOC launches second bid round for five major exploration blocks
The Abu Dhabi National Oil Company (ADNOC) announced the details of the second round of five new geographical oil and gas blocks open for bidding to both conventional and unconventional resources
Eni signs Bahrain exploration and production sharing agreement
Eni has signed an Exploration and Production Sharing Agreement (EPSA) with the National Oil and Gas Authority of the Kingdom of Bahrain (NOGA) for offshore Block 1
Eni signs agreement for Block A offshore Ras Al Khaimah
Eni has signed an exploration and production sharing agreement covering Block A Offshore Ras Al Khaimah, as well as the relevant joint operating agreement
Lebanon confirms second offshore license round
The Lebanese government has approved the opening of the country’s much anticipated second offshore licensing round. Interested companies will be expected to submit their bids by 31 January 2020
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