The onshore rig count increased 14 (11 targeting oil) this week, bringing the total to 530 compared with 749 a year ago. Rigs targeting oil added 11, standing at 443, up 40% (127) since bottoming out five months ago in late May.Read more
The onshore rig count increased 15 (11 targeting gas) this week, bringing the total to 516 compared with 751 a year ago. Rigs targeting oil added 4, standing at 432, up 37% (116) since bottoming out the week of May 22.Read more
As one of the most active oil and gas regions in the world, hardly a day passes without more news being released about the East Mediterranean; on licence rounds, discoveries, field developments, export agreements, international energy cooperation, asset ownership changes or LNG options.Read more
The onshore rig count increased 1, bringing the total to 501 compared with 763 a year ago. Rigs targeting oil added 3, standing at 428, up 35% (112) since bottoming out the week of May 22.Read more
Egypt is rich in oil and gas, with proved oil reserves of 3.5 BBbl and reported gas reserves of 65.2 TCF at end 2015 (BP Stats). Egypt benefits from a relatively low cost operating environment and a good geographical location close to different markets. There is a wide range of assets in Egypt; oil/gas, onshore/offshore, deep/shallow water, mature producing assets and exciting exploration blocks. Infrastructure and facilities exist with significant spare capacities.Read more
The onshore rig count increased 9 (4 targeting gas), bringing the total to 500 compared with 779 a year ago. Rigs targeting oil added 7, standing at 425, up 35% (109) since bottoming out the week of May 22.Read more
Drew Powell, GCA's Global Director of Operations, presented to the London Section of the SPE this week.
He reviewed the overall Asset Evaluation Process and Purpose and provided an understanding on why an holistic approach in terms of disciplines is needed in the oil and gas Asset Evaluation Process. The resulting talk included the following topics:
- Why and how is an Asset Evaluated?
- What are the primary drivers of an Evaluation Process?
- Why the surface risks/uncertainties are as important as subsurface risks/uncertainties.
- Review of some tangible examples.Read more
The onshore rig count increased 5 (3 targeting gas), bringing the total to 491 compared with 805 a year ago. Rigs targeting oil added 2, standing at 418, up 32% (102) since bottoming out the week of May 22.Read more
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