Saudi Aramco said it is likely to increase light sour crude output from two of its oilfields by 550,000 bpd between 2016 and 2017 to re-balance its crude quality and extend the lifespan of the mature fields
Exploration & Production
BP signs farm-out deal for three offshore Moroccan blocks
BP has entered into farm-out agreements with US-based Kosmos Energy for exploration in three oil and gas blocks offshore Morocco
PDO to invest US$11 billion in new oil projects
Petroleum Development Oman (PDO) is likely to invest more than US$11bn for a number of new oil projects over the next 10 years, it has announced
DNO sets new production record in Kurdistan Region of Iraq
DNO International has announced that production is at an all-time high of 32,500 bpd from its second horizontal well in the Tawke oilfield in the Kurdistan Region of Iraq
Tethys Oil spuds oil in Oman’s onshore block
Tethys Oil has announced that an oil exploration well has spud on Block 4 onshore Oman
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