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Maersk to develop BP 20K drilling technology concept BP selected Maersk Drilling from Denmark and the Houston-based engineering company KBR to implement the development of its 20KTM concept for a new generation of drilling rigs. February 2013, BP and Maersk Drilling (Maersk) signed an agreement to develop and provide detailed engineering on a BP‘s  conceptual designs for a new generation of […]

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Technip and Samsung Heavy Industries won Topsides In selecting the consortium made of  Technip and Samsung Heavy Industries (SHI) for the topsides of its Martin Linge project in Norway, the french international oil company, Total, awarded the main package of this $4.2 billion project. Lying by 120 meter water depth on the Norwegian Continental Shelf (NCS), the Martin Linge […]

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Rosneft to lead pilot project in Bazhenov formation In line with the strategic cooperation agreement signed in August 2011, Rosneft and ExxonMobil signed a Pilot Development Agreement to explore and produce tight oil from the Bazhenov and Achimov formation in the Western Siberia. According to the terms of the Pilot Development Agreement, Rosneft and ExxonMobil will create […]

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KOC to give priority to onshore exploration During  Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), Kuwait Oil Company (KOC) announced to have received  mandate from Kuwait Petroleum Company (KPC) to increase crude oil production from actual 3 million b/d to 4 million b/d by 2030. Considering the age and the level of maturity of the actual fields in […]

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Zakum Development Company The Zakum Development Company (ZADCO) was established in the Abu Dhabi Emirate, as part of the United Arab Emirates (UAE), in November 1977 to develop and operate the Upper Zakum (UZ) field. At that time ZADCO was a joint venture between:  – Abu Dhabi National Oil Company (ADNOC) 88%  – Japan Oil Development […]

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