Development News

Fenja Field Development Plan Submission
Norway >> 12/20/2017 - Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce that the partners in the F...
Gazprom Neft & OIEC Present Plans to Develop Iran Fields
Iran >> 12/19/2017 - Russia's Gazprom Neft and the Oil Industries' Engineering and Construction (OIEC) presented to the National Iranian Oil Company (NIOC) their proposals for developing Iran's Azar and Changouleh oilfiel...
Karanj Development Negotiations to Be Finalized Next Month
Iran >> 12/19/2017 - Managing director of the National Iranian South Oil Company declared that a contract for the development of the Karanj oil field will be finalised until next month and the contract of Shadegan oil fie...
Submitted New Plan for Yme Development
United Kingdom >> 12/19/2017 - Operator Repsol submitted a new Plan for Development and Operation (PDO) for the Yme field in the North Sea. More eight billion kroner will be invested in the development. The planned start-up is 2020...
Rosneft Board Agrees Upon Samotlor Development Program
Russia >> 12/18/2017 - Rosneft Board of Directors affirmed key parameters for Samotlor field development program. As for today, total oil output at Samotlor exceeds 2.7 btoe. Over 19,000 wells were drilled at the field. How...
Signature of SP 11 Subcontracts before March 2018
Iran >> 12/18/2017 - Operator of phase 11 of the supergiant South Pars Gas Field said the subcontracts of the project will be signed with developers by the end of the current Iranian calendar year to March 20 2018. ...
International Cooperation in Developing Homa Gas Field
Iran >> 12/18/2017 - “Research Intitute of Petroleum Industry” (RIPI) has signed a deal with France's Beicip-Fran-Lab for bolstering cooperation in holding studies on Iran's Homa gas field. ...
Key Oil Players Presented Azadegan Plans
Iran >> 12/17/2017 - Several leading oil and gas players have submitted the results of their studies over the development of one of its biggest oil prospects – Azadegan oil field. ...
AErfugl's Plan for Development Submitted
Norway >> 12/15/2017 - DEA Norge and its joint venture partners submitted the final Plan for Development and Operation (PDO) for the gas condensate field AErfugl (former Snadd) in the Norwegian Sea to the Ministry of Petrol...
Independent Oil and Gas Granted Extension of Blythe Licence in North Sea
United Kingdom >> 12/15/2017 - Independent Oil and Gas plc, the development and production focused Oil and Gas Company, announce that licence P1736 that contains the Blythe gas discovery has been extended by 12 months to 31st Decem...
Aker BP Submits Development Plans for Three Fields Offshore Norway
Aker BP Submits Development Plans for Three Fields Offshore Norway Norway >> 12/15/2017 - Aker BP has submitted the Plans for Development and Operations (PDOs) for the Valhall Flank West, Aerfugl (formerly Snadd) and Skogul (formerly Storklakken) fields to the Norwegian Ministry of Petrole...
Energy Efficiency Management System Receives Gazprom’s Science & Technology Prize
Russia >> 12/8/2017 - The award ceremony for the 2017 edition of Gazprom’s Science and Technology Prize took place at the meeting of the Company’s Management Committee. It was noted at the ceremony that the total economic ...
INPEX, Partners Agree to Extension of Concession Offshore D. R. Congo Block
Congo, Democratic Republic (Zaire) >> 12/6/2017 - Inpex Corporation and its partners Muanda International Oil Company Ltd. (MIOC) and Chevron have reached an agreement with the government of the Democratic Republic of the Congo to extend the duration...
Statoil Submits Plan for Development, Production & Awards Johan Castberg Contracts
Norway >> 12/5/2017 - Statoil has submitted the PDO (plan for development and operation) for the Johan Castberg project on behalf of the partnership with Eni and Petoro. Several major contracts will also be awarded to Norw...
Ale Starts Jacking & Load-Out Scope for Korchagin Field Development
Russia >> 12/5/2017 - ALE has started the first phase of heavylifting scope for the Korchagin oil field development project in Russia. ALE was contracted to perform the engineering, weighing, jacking, load-out and offshore...
Genel Energy Finds More Oil in Taq Taq Field
Iraq >> 12/4/2017 - Genel Energy plc has announced an update on activity at the Taq Taq field (Genel 44% working interest). The TT-29w well, which was drilled to appraise the northern flank of the Taq Taq field, has been...
Total Paves the Way for New Projects in Angola
Angola >> 12/4/2017 - Patrick Pouyanné, Chairman and CEO of Total, had an audience Monday with Joao Lourenço, recently elected President of the Republic of Angola, and with Carlos Saturnino, new Chairman of Sonangol, the n...
BP & Its Co-Venturers Present “Sweet Gold” Project
Azerbaijan >> 12/1/2017 - BP and its co-venturers in the Azeri-Chirag-Gunashli (ACG), Baku-Tbilisi-Ceyhan (BTC), Shah Deniz (SD), and South Caucasus Pipeline (SCP) – AzACG-SOCAR, AzSD-SOCAR, AzSCP-SOCAR, TPAO, PETRONAS, AzBTC-...
Petrobras Submits Declaration of Commerciality of the Libra Northwest Area
Brazil >> 11/30/2017 - Petrobras, as the Operator and acting on behalf of the Libra Consortium, announces that it submitted the declaration of commerciality to the Brazil’s National Petroleum, Natural Gas and Biofuels Agenc...
10 Oil/Gas Fields Up for Development
Iran >> 11/29/2017 - Signature of contracts for the development of 10 oil and gas fields is a top priority of Iran"s Ministry of Petroleum. This issue was highlighted by senior Iranian officials at the closing ceremony of...

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