OGJ ED&P - May 23rd, 2023
OGJ ED&P | View online
May 23, 2023

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Chevron has agreed to acquire PDC Energy in an all-stock transaction that would increase its production volumes by about 8%. Total enterprise value of the deal, including debt, is $7.6 billion.
Obsidian Energy Ltd., Calgary, has restored additional light oil-weighted production from Pembina fields previously shut in due to wildfire risk in the Alberta area.
Karoon Energy Ltd. restarted production from its BM-S-40 production license incorporating Bauna, Piracaba, and Patola fields offshore Brazil following completion of maintenance works on Train 1 of the two production trains on the FPSO, Cidade de Itajaí.
Petrobras found hydrocarbons through an appraisal well in the Aram block in Santos basin presalt, offshore Brazil, and will use data gathered to evaluate the discovery’s potential and assess next step activities in the area.
ExxonMobil Corp. has let a contract to Aker Solutions to provide dynamic and static subsea umbilical for the Uaru project, the fifth development on Stabroek block in Guyana.
Turkish Petroleum OTC has let an engineering, procurement, construction, and installation contract to Subsea 7 SA for second phase Sakarya field development, offshore Turkey.
Harbour Energy PLC has let a new contract to Expro holdings UK 2 Ltd. for a well abandonment campaign as part of the decommissioning project for the Balmoral area, in the UK Continental Shelf.
Equinor Energy AS has let a contract to TechnipFMC to provide riserless light well intervention (RLWI) services on the Norwegian Continental Shelf.
Vintage Energy secured the first gas supply contract for Odin field in PRL 211 in the South Australian sector of Cooper basin. Partners are accelerating a 1.5-km spur to the existing Vali-Beckler pipeline to supply gas to Pelican Point Power station.
Trillion Energy is evaluating how to maximize gas production from multiple wells at SASB gas field in the Turkish sector of the Black Sea as preliminary gas indications from Bayhanli 2 well discovered “an abundance” of gas pay.
IPR Energy Group discovered oil in its 5,060 sq km North Beni Suef exploration concession in Egypt.

Improved shale reservoir training has been declared as a critical requirement for meeting future oil and gas demands. This book answers that call by addressing the reservoir characteristics, lab tests, and critical evaluation concepts that are somewhat unique to shale oil & gas plays. The information is concise, practical, and primarily intended for those directly engaged in ranking, valuing, or optimizing shale development opportunities.

TotalEnergies and partners signed production sharing contracts on Blocks 6 and 8 in Suriname with state-owned Staatsolie Maatschappij Suriname.
Neptune Energy awarded a contract to Tenaris to provide equipment and services to support drilling activities on the Norwegian Continental Shelf.
QatarEnergy awarded an engineering, procurement, and construction contract to Technip Energies for onshore infrastructure as part of the North Field South project.
Trio Petroleum Corp., Bakersfield, Calif., encountered accumulations of oil and gas in Presidents field in its 9,267-acre South Salinas project in Monterey County, Calif.
Baytex Energy Corp., Calgary, has shut-in about 20,000 boe/d of production from operations in the Peace River and Peavine regions of northwest Alberta since the morning of May 13 due to wildfires in the area.
Perenco Brazil completed hook-up of the floating storage and offloading (FSO) vessel, Pargo, on Pargo Cluster in the Campos basin, offshore Brazil, advancing the ongoing $400-million Pargo Cluster development plan.