Page 16 - AsianOil Week 38

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for production to start at the Karish field. The – Shell would form an exploration unit cover-
London-listed company has signed gas sales ing 86,400 acres (350 square km) and 18 Alaska
deals worth over $2.5bn and it hopes to add to Beaufort Sea state offshore leases that it holds.
its already significant resources with nearfield Shell said it had identified several prospects
developments. within these leases that it believes could hold
Meanwhile, Iraq is resuming efforts to oil and gas accumulations. The company is
re-launch the Iraq National Oil Co. (INOC) fol- proposing to update seismic and geological
lowing a failed attempt two years ago. Baghdad data in 2022 and 2023, followed by exploration Energean is
will hope that putting full control of the sector in drilling that would be conducted in 2024 and
the hands of one company will result in a stream- 2025. The work would be carried out in West eyeing a return to
lined approach; however, given the country’s Harrison Bay, which is located offshore the exploration work
record with corruption, there are fears about the National Petroleum Reserve-Alaska (NPR-A).
consolidation of power. In a separate development – and one that could as it prepares
also considered noteworthy during a severe
If you’d like to read more about the key events shaping industry downturn – shale gas producer EQT for production to
the Middle East’s oil and gas sector then please click is reported to be pursuing an acquisition in the
here for NewsBase’s MEOG Monitor. Appalachian Basin. The company, which is the start at the Karish
Shell and EQT pursue new projects largest US gas producer by volume, has report- field offshore
Royal Dutch Shell has filed plans to start oil and edly put in a bid for Chevron’s Appalachian
gas exploration in state waters offshore Alaska. gas assets, according to sources familiar with Israel.
The proposals, which come during a challeng- the matter, who were cited by Reuters.Accord-
ing year when many in the industry are staying ing to one of these sources, EQT has offered
away from new offshore drilling, come after the $750mn for the properties.
super-major abandoned exploration in federal
waters off Alaska in 2015 following a series of If you’d like to read more about the key events shaping
mishaps during drilling. Under the latest pro- the North American oil and gas sector then please click
posals – which involve a different offshore region here for NewsBase’s NorthAmOil Monitor.™

P16 www. NEWSBASE .com Week 38 24•September•2020