The well flowed at a stable rate of 3,800 barrels of 28° API oil per day on a 52/64 choke from an open hole test of a 170-meter interval
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Dragon Oil appoints new board member and CEO
Al Falasi takes over Abdul Jaleel Al Khalifa, who served as CEO of Dragon Oil since 2008
Al Mazrouei urges others to report oil output cuts
Suhail Al Mazrouei said on Wednesday that Opec and non-Opec producers who have agreed to restrict their output over the next six months need to demonstrate that they are being implemented in order for their initiative to stabilise oil prices
Cover Story: Ringmaster of gaskets
Sealing equipment provider Flexitallic is consolidating its position as a leading supplier of gaskets to the oil and gas industry by offering innovative and effective products, and eyeing regional and global expansion
Interesting state of affairs in global oil and gas
A number of factors including the growing cost of production in some regions among others, the role of OPEC in coordinating the scope of production all around the globe and the volatility of the US dollar
KSA to raise February term crude prices to Asia
The official selling price (OSP) for flagship Arab Light crude could rise by at least 50 cents a barrel for February
Kuwait Energy signs $100mn financing with Vitol
The Kuwaiti oil and gas exploration and production company, with assets in Egypt, Iraq, Oman and Yemen, said it has received the first drawdown of $40mn
Egypt signs $220mn of oil and gas deals
The deals include drilling for six wells and a signing bonus of $9mn and are the result of a tender called by Egyptian state gas board EGAS
Iran, Malaysia sign deal for exploration studies
Deputy Managing Director of the NIOC Gholam-Reza Manouchehri and executive vice president and CEO of upstream of Petronas, Anuar Taib, signed the contract this week
Qatar to cut oil production in line with OPEC deal
Qatar Petroleum started advising its customers of the expected reductions in oil deliveries to ensure compliance with the recent Opec deal