Exploration & Production

PDO aims to produce 1.1mn BOE per day for 2011

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Petroleum Development Oman (PDO) has stated that the firm aims to produce 1.1 million barrels of oil equivalent (BOE) per day this year.

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Enka wins US$60mn Majnoon facility deal in Iraq

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Royal Dutch Shell and Petronas have awarded a contract worth more than US$60mn to Turkish firm Enka to install and operate two production facilities at the Majnoon oilfield.

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Regional refineries boost production

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Arab refineries have boosted production by nearly 633,000 barrels per day (bpd) over the past four years as they are pushing ahead with projects to expand capacity to meet growing domestic consumption and external demand.

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Statoil aims for 2.5 million boepd production by 2020

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Statoil expects to raise production from around 1.9mn bpd of oil equivalent in 2010 to more than 2.5 million boepd in 2020.

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Saipem seals new E&C offshore deal in Egypt

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Saipem has been awarded new E&C Offshore contracts in Egypt, in the North Sea and in Russia, worth in excess of US$1 billion.

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