November 26, 2019
Equinor will reduce its focus on the frontier areas of the Barents Sea in another blow to Norway’s ambition to build a new oil province in its Arctic region.
Akofs Offshore has been awarded a contract for light well intervention services, using its 156-m vessel, Akofs Seafarer, for all Equinor-operated licenses, in the period 2020 to 2025.
February 15, 2017
Explorers look set to drill a record number of wells in Norway’s Arctic waters this year, undeterred by oil prices apparently stuck below $60/bbl.
February 13, 2017
Lundin Petroleum announced that it has made an oil and gas discovery in the main well 7219/12-1 and is presently drilling a sidetrack 7219/12-1A on the Filicudi prospect.
A new forged completion landing string gives operators and drilling contractors the flexibility to use the same tubular string for both drilling and completion operations, without compromising performance or safety.
Advances in technology are enabling the discovery of, and access to, offshore hydrocarbon reserves previously thought uneconomical. However, many viable-but-challenging projects are put on hold because of uncertainties about their feasibility, high start-up costs, and long lead times. To solve these problems, several holistic subsea processing systems have been created to enhance field economics.
The implementation of wired drill pipe (WDP) telemetry on the Martin Linge project was proven successful with quantified time savings and the use of two new technologies, the dual integrated reamer and the seismic-while-drilling tool.