Drilling

News
July 09, 2024
The company expects to drill as many as five wells within the Northern Cape Ultra Deep license block, about 300 km (186 miles) offshore the west coast of South Africa in depths up to 3,200 m. Shell and TotalEnergies SE made oil and gas discoveries in Namibian waters north of the block starting in 2022.
News
July 07, 2024
The contract value for the firm period is approximately $68 million, and the contract also includes two 7-month options. The planned start-up of operations is set for March 2025.
News
July 03, 2024
The three new island rigs will operate on existing and newly constructed innovative artificial islands at the offshore Zakum field for drilling and completion of wells. The rigs, which will be constructed by Honghua Group (HH), will incorporate industry leading technology and automation. Delivery of the rigs and commencement of operations is expected during 2026.
News
June 26, 2024
Transocean Ltd. announced a 365-day contract extension for the Deepwater Asgard with an independent operator offshore the U.S. in the Gulf of Mexico. The program is expected to commence in direct continuation of the rig’s current program and is estimated to contribute approximately $188 million in backlog, including additional services.
News
June 24, 2024
In March 2024, Equinor and DNO delineated the Heisenberg discovery, estimating recoverable volumes of 24 to 56 MMboe. They plan to drill a new well in the second quarter of 2024 to explore the Angel prospect and further delineate Heisenberg.
News
June 23, 2024
ExxonMobil has started appraisal drilling at its Lau-Lau 2 well site in the prolific Stabroek Block offshore Guyana, where it had previously discovered over 300 ft of oil at the Lau-Lau 1 well. The Maritime Administration Department announced that this appraisal, conducted by the drillship MODU Noble Sam Croft, will run from June 16 to July 31, 2024.
News
June 11, 2024
Deltic considers it “unlikely” that Selene will require further appraisal prior to field development planning commencing and could be brought into production “relatively quickly” following discovery given the proximity of existing infrastructure.
News
June 11, 2024
‘Logging While Drilling’ (LWD) and wireline logging data have indicated that several oil-and-gas-bearing sandstones have been encountered within the targeted Middle Miocene turbidite sequences. 
News
June 10, 2024
Three development wells are planned to be drilled, completed and put on production over the next months. Production is then planned to be evacuated via a 24-inch subsea multiphase line to the existing Vega Pléyade platform 35 km from Fénix, and from there to the Rio Cullen facilities at shore.
News
June 10, 2024
The combined company will boast the biggest selection of latest-model drillships that carry a pair of so-called blowout preventers, a key safety item for drilling in water more than two miles deep.
News
June 09, 2024
Shelf Drilling, Ltd. has secured a 15-month award for the Shelf Drilling Tenacious jack-up rig for drilling operations offshore West Africa.
News
June 04, 2024
Transocean Ltd. announced contract fixtures for three of its harsh environment semisubmersibles. Together, the fixtures represent approximately $161 million in firm contract backlog.
News
June 03, 2024
BW Energy’s preliminary evaluation indicates an increase in Hibiscus gross recoverable reserves (mid-case) of approximately 8 MMbbl of oil to 12 MMbbl of oil. The company plans to complete the well as a development well later in 2024.
News
May 30, 2024
India’s Oil and Natural Gas Corporation Limited (ONGC), supported by ABL as tow master and marine warranty provider, has moved a record high 45 drilling rigs to new locations ahead of the Indian monsoon season. ONGC’s previous record was 37 rig moves.
Article
May 2024
A feasibility study for the decarbonization of offshore drilling operations has been conducted. The key will be to utilize well-proven engines capable of operating on methanol and diesel with comparable performance characteristics.
News
May 22, 2024
Equinor has exercised an option for a batch of eight wells to extend the use of the Odfjell Drilling’s Deepsea Aberdeen on the Norwegian Continental Shelf. The exercised options are planned to start in Q4 2025. The options have a value of approximately $121 million.
News
May 22, 2024
UEM is an innovative approach that, for the first time, simultaneously integrates static and dynamic data in real time to represent subsurface conditions across multiple scales. This method improves the accuracy of reservoir models by consistently incorporating geologic uncertainties, making UEM vital to optimize reservoir recovery under uncertainty.
News
May 10, 2024
Preliminary evaluation indicates gross recoverable reserves of 5 - 6 MMbbl of oil and approximately 14 MMbbl of oil in place.
News
April 23, 2024
Recent oil and gas discoveries announced in regions continuing to these borders, especially in neighboring Guyana and Suriname, indicate significant oil production potential for the Brazilian Equatorial Margin.
News
April 19, 2024
Who Dat East is estimated to contain 17 MMboe of gross unrisked 2C Contingent Resources and 35 MMboe of gross unrisked 2U Prospective Resources. The Who Dat South prospect is estimated to contain 31 MMboe of gross unrisked 2U Prospective Resources.
News
April 18, 2024
Transocean's Deepwater Asgard was awarded a 365-day contract extension in the U.S. Gulf of Mexico at a rate of $505,000. Additionally, a customer exercised a three-well option in Angola for the Deepwater Skyros at a rate of $400,000.
Connect with World Oil
Connect with World Oil, the upstream industry's most trusted source of forecast data, industry trends, and insights into operational and technological advances.