Drilling ///

Saudi oil fields are in the firing line as Gulf conflicts continue

Flaring tensions in the Persian Gulf have seen some of the world’s biggest crude deposits, along with processing and transport infrastructure and vessels, targeted by explosives-laden drones and bombings.

Equinor and partners log Barents Sea discovery

Equinor and partners OMV and Petoro have made an oil discovery in the Sputnik exploration well in the Barents Sea. Recoverable resources are preliminarily estimated at 20-65 MMboe.

2019 World Oil Awards finalists announced

For 18 years, these prestigious awards have recognized and honored the upstream energy industry’s leading innovators and innovations and recognized step changes in technology that have made a lasting impact.

South Sudan discovers new oil, plans output by year-end

South Sudan has made a new crude find in the northern oilfields of Adar and plans production by the end of the year, Information Minister Michael Makuei Lueth said.

Petrofac and SOCAR JV secures Caspian engineering and technical services contract

The 12-month contract, with option to extend, will support activity in the Absheron natural gas field, located in the Caspian Sea approximately 100 kilometers south of Baku.

GulfDrill JV inks $656 million jackup contract with Qatar Petroleum

Seadrill and Gulf Drilling International have entered into a 50:50 joint venture, GulfDrill, which will initially manage and operate five premium jackups in Qatar with Qatar Petroleum commencing throughout 2020.

Weatherford automated connection integrity system reaches deployment milestone

Weatherford’s Vero automated connection integrity system, which applies artificial intelligence to validate well integrity and minimize safety risks, has completed 15,000 tubular connections in 50 operations worldwide since its market debut.

Interventek secures Trendsetter well intervention safety valve contract

The shear-and-seal subsea safety valves will be delivered by early 2020 for integration into Trendsetter’s MkII 15K Light Riser Intervention System. The system is scheduled for its first deployment for a major international oil and gas operator, around March 2020, as part of a subsea well intervention project in Latin America.

Petrobras contract penalties swing Vantage Drilling to profit

Vantage Drilling reported net income of $590.7 million for the second quarter of 2019, thanks to payments of more than $700 million by Petrobras for terminating drilling vessel contracts.

Guyana may not be ready for its pending oil riches, but ExxonMobil is

This tiny nation on the north coast of South America is about to become the world’s newest petrostate—and potentially the richest.

Halliburton wins Senegal deepwater drilling, completion and testing services contracts

Woodside Energy Senegal awarded Halliburton nine conditional contracts for drilling and completion services for SNE Field Development Phase 1 offshore Senegal.

Tullow makes significant oil discovery offshore Guyana

Tullow Oil has made its first discovery in its Orinduik license offshore Guyana, exceeding pre-drill forecasts and paving the way for more exploration wells in the near future.

Wintershall Dea starts Dvalin production drilling offshore Norway

Wintershall Dea has begun drilling four production wells on the Dvalin gas field in the Norwegian Sea, getting ready for the start of production in 2020.

Eagle Ford/Austin Chalk Shales: High returns fail to stave off summer retreat

Jim Redden, Contributing Editor

The caliche roads cutting through the blackbrush and mesquite of the South Texas brush country are a bit less congested of late, as Eagle Ford drilling and completion activity dips in what is ranked among the most profitable of the unconventional plays.

Oil majors reluctant to place bets on aging North Sea, as output descends

Emily Querubin, World Oil

Since the 1960s, the North Sea has remained a highly sought-after region for oil and gas E&P.

Innovation continues to pull Newfoundland and Labrador’s offshore sector forward

Kurt Abraham, World Oil

Activity may pick up to near-record levels in the next several years, as the province continues to encourage technical innovation.

Drilling advances

Jim Redden, Contributing Editor

Catching up with the times

Talos logs two Green Canyon deepwater strikes

Talos Energy reported successful drilling operations in its Bulleit and Orlov prospects in the Green Canyon deepwater Gulf of Mexico block as part of its second quarter 2019 earnings results.

Pemex commits $10 billion to onshore and offshore field development

Pemex received approval from Mexico’s National Hydrocarbon Commission (CNH) for a $10-billion, 25-year investment commitment to develop onshore and offshore exploration opportunities.

Borr Drilling lands three jackup contract with PEMEX

Borr Drilling has secured an integrated services contract to provide three jackup rigs to PEMEX under its “Cluster 2” agreement.