Drilling
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.
News
December 12, 2023
Located 23 km north of the Gjøa platform, Ofelia Agat and Kyrre will be considered for development as tie-backs to Gjøa.
News
December 12, 2023
With these latest commitments, OMV Petrom and ROMGAZ are on track to safely deliver the first gas from Neptun Deep in 2027.
News
December 06, 2023
The fourth and final well in the East Belumut infill drilling campaign is currently being tested after reaching 4,600 m measured depth in the southwest region of the field.
News
December 04, 2023
(WO) — AGR has secured the well management contract with Apus Energia Guinea-Bissau S.A. for a deepwater exploration well in the Sinapa license offshore Guinea-Bissau, with drilling set to commence in summer 2024.
News
November 16, 2023
(WO) — Odfjell Drilling Ltd. has announced that Equinor has exercised options for seven wells to extend the use of the Deepsea Aberdeen on the Breidablikk field.
News
November 07, 2023
Under the new contract, ABL’s rig-moving surveyors in Malaysia are expected to survey and approve approximately 14-16 rig moves offshore Malaysia for Velesto Drilling’s six-rig fleet during the period.
News
November 06, 2023
The collaboration between Halliburton and Oil States will provide operators and drilling contractors with an effective and flexible MPD product-service combination to safely access greater operational efficiencies like ease of handling and streamlined installation.
News
October 27, 2023
“Shrinking or further delaying Lease Sale 261 threatens both our energy security and climate goals and could make us more dependent on dirty foreign oil and gas,” Manchin, a West Virginia Democrat, said following the ruling by the Fifth Circuit Court of Appeals in Louisiana.
News
October 24, 2023
The development of this natural gas reserve in the southern Caribbean has the potential to make a substantial contribution to the country's energy security and support Ecopetrol's ongoing energy transition efforts.
