Half of oil and gas fields are not producing to expectations when onstream, mainly due to unexpected reservoir issues, according to a new Westwood research report
Westwood study highlights importance of effective field appraisals
Exploration & Production
Iraq to build oil refinery in Fao and plans three more
Iraq has announced to build an oil refinery at the port of Fao on the Gulf, with further asking investors to build three more, according to the oil ministry of Iraq
ADNOC to expand CCUS technology to reduce environmental footprint and enhance EOR
The Abu Dhabi National Oil Company (ADNOC) has announced to expand its use of carbon capture, use and storage (CCUS) technology, to meet a six-fold increase in the utilisation of CO2, for enhanced oil recovery (EOR), in the next 10 years
Falcon Aviation to promote offshore and onshore services to KOC
Falcon Aviation has signed a five-year contract with Kuwait Oil Company (KOC) to deploy three new Leonardo AW169 helicopters for onshore and offshore oil and gas operations
Cepsa signs deal with Sonatrach to redevelop Algeria oilfield
Cepsa, Sonatrach and Alnaft, the national resources development agency of Algeria, have signed a new concession contract for operating the Rhoude el Krouf (RKF) oilfield, located in the Berkine basin in Algeria
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