Drilling ///
The move would block the sale of new mining and drilling rights across some 700 million acres of federal land. It could also block offshore oil and gas leasing, though details are still being developed.
Robert Laronga, Laurent Mosse, Edgar Velez, Elia Haddad, Jorge Gonzalez Iglesias, Schlumberger
As efficiencies plateau in North American shale basins, operators require new strategies to lower costs/bbl that go beyond drilling and completion. New technology and workflows can help operators shorten the learning curve to maximize unconventional reservoir performance, early in the project life cycle.
Dr. Ali Daneshy, Daneshy Consultants Int’l.
One of the industry’s premier experts says hydraulic fracturing actually reduces the environmental impact of oil and gas production by increasing the productivity of each well.
Deep Casing Tools has secured new investment of £1.6m from Scottish Enterprise and its long-term backer, EV Private Equity, which will help the firm build on its global success of the last two years.
The discovery was achieved at the SEMZ-11X well located 10 kilometers west of Zarif field, the nearest producing field. The well was drilled to a total depth of 5,700 feet and encountered 65 feet of oil pay in the Cretaceous sandstones of the Bahariya and Abu Roash G formations.
The total value of the firm contracts is approximately USD $100MM, including rig modifications, integrated services provided, and a mobilization fee for Maersk Valiant. The contracts include various extension options.
The world’s biggest fracking services provider, Halliburton has deployed the industry’s first grid-powered fracking operation on behalf of Cimarex Energy Co. To date, it’s completed almost 340 stages across multiple wells.
In developing its Intelligent Pipe solution, Vallourec teamed up with OpenField Technology, a specialist in high-tech sensors. Vallourec embeds OpenField’s micro-sensors to the outside of its pipes, ensuring that they function correctly while maintaining the pipes’ structural integrity.
The CAN 100 block comprises an area of 15,000 km² and is the largest block in the North Argentinian Basin.
Total and Apache Corporation have made a new significant oil and gas discovery at the Keskesi East-1 well, in Block 58 off the coast of Suriname. This follows previous discoveries at Maka Central, Sapakara West and Kwaskwasi.
Maersk Drilling has been awarded a contract from Spirit Energy for the harsh-environment jack-up rig Maersk Resolve to drill one development well at Grove North East in the UK North Sea.
Following successful six-month operational trials on Stena Spey and Stena Carron rigs, IDS will deploy its data driven TourNet Pro drilling contractor reporting service and drilling performance monitoring service, Anova DPM, across Stena Drilling’s fleet in Q1 2021.
The U.S. Energy Information Administration said that recent crude price increases and rig additions will help production in the Lower 48 states begin to rise in the second quarter of this year, with total output nearing 11.5 MMbpd in 2022.
The expandable drilling liner enabled the operator to kick-off much deeper in the well, eliminating the need to drill a section of the wellbore and install a tie back. The system was fully expanded within six hours and the entire project was completed in less than 40 hours.
The agreement will see Toolserv AS exclusively managing supply, sales and rental of Paradigm Drilling products and services in the country with the outlook to expand to other countries as business and demand grows.
Francis Besnard, Alexandre Jourde, Schlumberger
Well construction can benefit from available intelligent technologies, taking AI capabilities close to the action, where it encodes knowledge and captures learnings to improve drilling efficiency.
Leonardo Correa, National Oilwell Varco; Robert Van Kuilenburg, Noble Corporation
A partnership between a drilling contractor and an OFS provider is taking MPD systems, which are fully owned and operated by the drilling contractor, to the next level with unique, integrated capabilities.
“I have a hard time seeing the need for U.S. producers over the next several years to get back to double-digit growth,” Devon Energy CEO Rick Muncrief said in an interview. “For this management team, if we really think about 2021, let’s keep it flat.”
“I really don’t see much increase in the Permian basin or the U.S. shale over the next several years,” said Scott Sheffield, chief executive officer of Pioneer Natural Resources Co.
The Bureau of Land Management was set to begin opening sealed bids for 10-year leases in the Arctic National Wildlife Refuge’s coastal plain Wednesday afternoon, less than a day after a federal judge rejected environmental groups’ pleas to halt the auction.