The BMK-1 well in Morocco was drilling to a measured depth of 1,551 m and has encountered commercial quantities of gas in both target horizons, said SDX Energy, the Middle East focused oil and gas developer
Exploration
TechnipFMC wins iEPCI contract for BP Platina Field in Angola
TechnipFMC has been awarded a significant integrated engineering, procurement, construction, and installation integrated engineering, procurement, construction, and installation (iEPCI) contract for the BP Platina Field in Angola
Amarinth taps into oil and gas projects in Africa with new territory sales manager
Amarinth has appointed a new sales manager for the Africa territory to support the strong growth the company is seeing in new oil and gas projects being undertaken in the region
US drilled but uncompleted wells first to feel oil price shock: Rystad Energy
Rystad Energy impact analysis shows that US drilled but uncompleted wells (DUCs) will be the first assets to be threatened by the newly formed low price environment, as their breakeven costs are now only dollars away from market prices
Nigeria sets up budget review committee
As Nigeria is reeling from oil price fall due to the COVID-19 situation, the government has set up a committee to review 2020 preparatory to cutting down on its spending
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