Development News

South Azadegan Oil Field Progress Satisfactory
Iran >> 1/10/2015 - The first phase of development plan of South Azadegan oil field will come online in 2017, operator of the project Seyyed Mahmoud Marashi said. ...
South Pars Development on Schedule
Iran >> 1/10/2015 - Development plan of South Pars gas field is going ahead on schedule and remaining phases of the mega project will come online based on preset priorities, the member of Energy Commission of the parliam...
SacOil Starts Development Operations at Lagia Field
Egypt >> 1/6/2015 - SacOil Holdings Limited, through its subsidiary Mena International Petroleum Company Limited (Mena), is pleased to announce the commencement of field development operations at its 100% owned Lagia oil...
KrisEnergy Receives Nod to Develop Lengo Gas Field
Indonesia >> 12/31/2014 - KrisEnergy Ltd., an independent upstream oil and gas company based in Singapore, announced that the Government of Indonesia has approved the plan of development (POD) for the Lengo gas field in the Bu...
Declaration of Commerciality for the Iara Area
Brazil >> 12/30/2014 - BG Group announced that its partner Petroleo Brasileiro S.A. (Petrobras), as the operator of block BM-S-11 in the pre-salt Santos Basin, has submitted the Declarations of Commerciality (DoC) to the Br...
Gov’t Okays Joint Fields Development
Iran >> 12/30/2014 - The government’s Economic Council has given its nod for the integrated development of oil fields located in West Karoun region of Iran. ...
Hendijan Field Development Under Way
Iran >> 12/27/2014 - Development of Hendijan oil field is under way with pipe-laying operations having been completed, managing-director of Iran Shipbuilding & Offshore Industries Complex (ISOICO) said. ...
BP & SOCAR Ink Caspian PSA Agreement
Azerbaijan >> 12/22/2014 - BP Plc and the State Oil Company of the Republic of Azerbaijan (SOCAR) signed a new production sharing agreement (PSA) to jointly explore for and develop potential prospects in the shallow water area ...
Azonto Grants EEA for Gazelle Field Offshore Cote D'Ivoire
Ivory Coast (Cote D'Ivoire) >> 12/18/2014 - Azonto has been advised by its affiliate Vioco Petroleum Limited (Vioco, 35% Azonto, 65% Vitol) that the President of Cote d'Ivoire, Alassane Ouattara, has signed an Exclusive Exploitation Authorisati...
Rosneft Board of Directors Approves 2015-2016 Business Plan
Russia >> 12/18/2014 - Rosneft’s Board of Directors reviewed preliminary results of the Company’s performance in 2014 and approved the 2015-2016 plan. ...
Development Plan for Gullfaks Rimfaks Valley Submitted
United States >> 12/16/2014 - Statoil and its partners have decided to develop the Rutil discovery located in the Gullfaks Rimfaks valley in the North Sea. Providing close to 80 million barrels of oil equivalent, the development w...
Gazprom Boosting Gas Industry in Eastern Russia
Russia >> 12/11/2014 - The Gazprom Management Committee addressed the Company's large-scale efforts aimed at implementing the Eastern Gas Program. ...
Vaalco Completes First Development Well at Etame Field
Gabon >> 12/10/2014 - VAALCO Energy, Inc announced the completion of the Etame 8-H, the first development well drilled from the newly installed Etame platform, offshore Gabon. The Etame 8-H was drilled to a Measured Depth...
Rosneft Defined Strategic Development Goals
Russia >> 12/9/2014 - The Rosneft Board of Directors approved the main strategic objectives for Company developments. ...
NIOC to Offer at Least 40 Projects in London
Iran >> 12/8/2014 - NIOC plans to offer 40 to 50 projects for development in London conference which is slated to be held in March 2015 concurrent with introducing its new oil contract frameworks named Iran Petroleum Con...
Armando Emilio Guebuza Meets Eni's CEO Claudio Descalzi
Mozambique >> 12/3/2014 - The President of Mozambique, Armando Emilio Guebuza met today Eni’s Chief Executive Officer, Claudio Descalzi, to review progress on the development of ongoing projects in the country. ...
Successful Installation of Deck 3 of SP phase 20
Iran >> 12/2/2014 - IOEC has successfully installed Deck 3 on SP phase 20 topside. At present the topside for SP phase 20 has a 46.78% progress rate. ...
Statoil Recommended as Johan Sverdrup Operator
Norway >> 11/28/2014 - The Johan Sverdrup partners have agreed to recommend Statoil as operator for all phases of the field. Their agreement will be included in the Unit Operating Agreement (UOA), which is planned to be sub...
Gazprom Neft Increases Cooperation with Vietnam
Russia >> 11/25/2014 - Gazprom Neft has signed a number of agreements with Vietnamese companies aimed at developing cooperation between the two countries. The documents were signed in the presence of Russian President Vladi...
Gazprom & Petrovietnam Join Forces in Developing Russian Gas Fields
Russia >> 11/25/2014 - Alexey Miller, Chairman of the Gazprom Management Committee and Nguyen Xuan Son, Chairman of the PetroVietnam Oil and Gas Group (PVN) Board of Directors signed in Sochi a Framework Agreement on joint ...

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