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Agiba Petroleum Company, a joint venture between the Egyptian General Petroleum Corporation (EGPC) and Eni, recorded its largest oil and gas discovery in 15 years in Egypt’s Western Desert, the country’s Ministry of Petroleum and Mineral Resources announced. The discovery was made through the Bustan South-1X exploratory well, drilled by the Egyptian Drilling Company’s EDC …

Saipem and Petrobras signed a memorandum of understanding to evaluate and potentially develop integrated solutions for decommissioning activities across Brazil’s offshore oil and gas fields, subsea systems and associated infrastructure. The one-year, non-binding agreement covers well plug and abandonment and subsea decommissioning, and establishes a framework for technical an...

Archer signed a share purchase agreement to acquire isol8, a well technology company specializing in alloy-based barrier solutions and advanced materials for use in well completions, intervention, and plug and abandonment (P&A). The acquisition is intended to expand Archer’s plug portfolio and strengthen its subsea and rigless P&A offering. isol8’s existing alloy barr...

Weatherford was awarded a deepwater integrated completions contract by Esso Exploration & Production Nigeria (EEPNL), an ExxonMobil affiliate, for offshore Nigeria. Weatherford will provide integrated upper and lower completions solutions for deepwater wells, with scope focused on well integrity, reliability, and operational efficiency. Equipment will be configured throug...

Well-Safe Solutions was awarded its first well operatorship contract in the UK North Sea, with the company taking full operations management responsibility for a well decommissioning campaign on behalf of an undisclosed operator. The contract scope covers planning through execution and includes subsurface analysis, well design engineering, and rig, service and support vessel ...