Drilling
News
February 12, 2024
Borr Drilling Limited announced new contract commitments totaling 495 days and $82.2 million in contract revenue for three of its premium jack-up rigs.
News
February 09, 2024
The seven wells Exxon plans to drill are at least 100 km (62 miles) away from Venezuela’s claimed territory, Routledge said. Five are in the south-east portion of the Stabroek Block, closer to Suriname, while two are in the central section, he said.
News
February 08, 2024
The oil giant said it will drill new wells west of the Liza discovery and close to Venezuelan territorial waters, Exxon Guyana President Alistair Routledge told Demerara Waves. The dispute is “not inhibiting that activity in our plans,” he said.
News
February 08, 2024
Diamond Offshore Drilling, Inc. has executed a two-year contract extension with a subsidiary of bp in the U.S. Gulf of Mexico for the Ocean BlackLion, commencing in September 2024. Additionally, the company has entered into a drilling contract with Serica Energy (UK) Limited to utilize the Ocean Patriot for two plug and abandonment (P&A) wells in the U.K. North Sea.
News
February 07, 2024
The oil giant will drill the exploration wells west of the Liza field, which is producing oil, and closer to the border with Venezuela, Exxon Guyana President Alistair Routledge told Demerara Waves. The dispute is “not inhibiting that activity in our plans,” he said.
News
February 06, 2024
Built in 2013, the Tungsten Explorer is designed for deep offshore drilling. With a power capacity of 42MW, thrust capacity of 33MW, the rig can operate in a wide range of meteorological conditions and has a proven track record of safe drilling operations worldwide.
News
February 06, 2024
The Feb. 1 “equipment incident” involved the Ocean GreatWhite drilling rig about 125 miles (200 kilometers) west of the Shetland Islands, the company said in a U.S. filing on Monday. BP is leasing the vessel through at least August. Diamond Offshore describes it on its website as “one of the world’s largest ultra-deepwater harsh environment semisubmersible” rigs.
News
January 30, 2024
In one contract, Talos Production Inc. awarded the West Vela a drilling contract with an estimated duration of 150 days in the U.S. Gulf of Mexico.
News
January 30, 2024
SLB digital technologies for surface automation, autonomous on-bottom drilling, and directional drilling were combined to enable 99% of a 2.6 km section to be drilled in autonomous control mode. Over a five-well program, a 60% increase in rate of penetration was achieved, resulting in faster well delivery while reducing cost and carbon emissions.
Article
January 2024
A new performance solution for MPD applications was launched to address a substantial portion of the market between existing entry-level and premier tier offerings. The author details the differences in these solutions and presents a case study highlighting performance improvements.
News
January 12, 2024
The expected gain from the well is up to 8 MMboe, of which ca 80% is natural gas. This well is drilled into the Jurassic with good reservoir properties, however with a wide range of subsurface outcomes with respect to volume.
News
January 11, 2024
President and Chief Executive Officer Anton Dibowitz said, “The contract awards for VALARIS DS-4 and VALARIS DS-16 are great examples of how we are executing on the operating leverage inherent in our business, with day rates transitioning from legacy rates in the low $200,000s to market rates. We are also beginning to see early signs of a recovery in the North Sea jackup market from 2025, as evidenced by several awards at improving day rates.”
News
January 05, 2024
The contract is anticipated to commence late in the fourth quarter 2024, following completion of the rig’s current contract with Petrobras, which is expected to finish in September 2024.
News
December 26, 2023
The company has drilled four wells at the Nong Yao A wellhead processing platform, including three production-oriented development wells and one appraisal well. The development wells have encountered targets in line with pre-drill expectations and have been brought online as producers.
News
December 23, 2023
The drilling of the Pitu Oeste well, located 53 km (33 miles) off the coast of the state of Rio Grande do Norte, is expected take three to five months as Petrobras seeks more geological information about the area.
News
December 22, 2023
Seadrill Limited has clinched significant 1,064-day fixed-term contracts for both the West Auriga and West Polaris through a competitive bidding process led by Petrobras.
News
December 21, 2023
Recent offshore ventures in Ivory Coast, Angola, and the Republic of the Congo have propelled European service providers to clinch major contracts, highlighting technological prowess in drilling, engineering, and subsea services.
News
December 21, 2023
Valaris Ltd. has exercised its options and taken delivery of newbuild drillships VALARIS DS-13 and DS-14 for an aggregate purchase price of approximately $337 million.
News
December 20, 2023
Hess Corp. was the high bidder in a U.S. auction for drilling rights in the Gulf of Mexico, which raised a total of $382 million from oil giants before the Biden administration imposes a two-year hiatus for future sales.
News
December 15, 2023
Odfjell Drilling Ltd. has announced an extension of the firm contract with Aker BP for the Deepsea Nordkapp.
News
December 13, 2023
The updated recoverable resource estimate for the oil discovery in the Garn, Ile and Tilje formations is between 44 and 75 MMboe, while estimates for the underlying Åre Formation discovery are between 6 and 25 MMboe.
