Exploration & Production

ConocoPhillips to split upstream and downstream business

oil-production

ConocoPhillips announced that it would separate its upstream and downstream business arms that will see the US oil firm focus firmly on exploration and production.

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PDO aims to produce 1.1mn BOE per day for 2011

PDO_2011_1

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

oilfield

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

Regional_refineries

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

statoil-logo

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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