Drilling

The flow is expected to increase the overall production at Chevron’s three jointly run ventures with the state oil company Petroleos de Venezuela SA by 35% to 250,000 bpd by 2025, leading to more supply shipped to the US.

Following the two gas discoveries from the Upper and Lower Angwa reservoirs in recently completed Mukuyu-2 / ST1 drilling campaign, preliminary compositional analysis from fast-tracked downhole reservoir fluid samples has confirmed a rich gas-condensate discovery in Mukuyu.

The disciplined capital program allocates approximately $4.3 billion to drill and complete 600 net wells in EOG's domestic premium areas. Strong capital efficiency delivers 3% oil volume growth and 7% total volume growth, for ~$100 million lower year-over-year total direct investment in drilling and completion activity.

TAG Oil has now commenced drilling the T100 horizontal pay zone section, which is expected to take up to approximately three weeks to complete the drilling of the planned 1,000-meter horizontal section and run the completion technolo

When drilling the well, OGDCL reached a total depth of 3,762 meters. Testing resulted in a production rate of 1.4 MMcfgs and 93 bpd of condensate.

Currently, the two wells are producing at a combined rate over 1,000 bopd. Morgan anticipates further increases as the wells continue flowback for the next few weeks.

Capital investment in shale and exploration will be trimmed by $320 million, and two rigs in the Permian will be idled this year, the Houston-based company said Wednesday. Spending will increase in the Gulf of Mexico, chemicals and the enhanced oil recovery business.

Zephyr will now move to execute a drilling rig contract and will update the market on the expected timeline for the spud of the State 36-2R well upon award of the contract.  Bid processes for other major services are also underway.

With this acquisition, the company now holds 30,000 acres in Weld County with 320 horizontal wells and daily production of approximately 30,000 boed.

The operators, today running a total of 26 rigs in the Permian basin, will see that count whittled down to between 20 and 22 over time, Kaes Van’t Hof, chief financial officer at Diamondback, said Monday on a conference call. They’ll be more efficient, however, meaning production will rise modestly despite the curtailed rig count.

Enerplus shares surged as much as 10%. The company, which has a market value of about $4.1 billion, operates primarily in the Bakken shale basin of North Dakota and in the Marcellus region in Pennsylvania.

The EPIC Precision suite of perforating tools features a high-performance, fully integrated gun system with pre-packaged telemetry, switch and detonation for standard, self-orienting or refrac applications.

The transaction adds over 5,500 net leasehold acres and 62 fully permitted proven undeveloped ("PUD") drilling locations.

Target depth is approximately 3,800 m with an estimated drilling time of 45 days. The prospect and the adjacent complex of prospects being drilled are covered by good quality 3D seismic data from a survey conducted for Molecular in 2013/14.

The Menna-1 well was drilled vertically to a total depth of approximately 1,600 m. The well logs indicate hydrocarbons in the Al Khlata, Karim and Birba formations.

Tackling scope one emissions from oil and gas operations requires innovative, purpose-built technologies that are economic and scalable. By incorporating a combination of advanced technologies such as engine management, fuel enhancing additives, traditional highline power sources, and energy storage systems into drilling operations we can effectively reduce scope one emissions from operations. We will showcase our comprehensive portfolio of drilling technologies, designed to reduce carbon emissions and fuel costs across the globe, regardless of rig type.

Prime Mapping is a tubular field service carried out before running-in-hole that provides actual casing and tubing data enhancing drilling and completion operations. Prime Mapping can be run on the rig floor or at the yard by Vallourec trained technicians at any time, for tubulars from any supplier. The data is obtained using a portable device called In-Pipe Rover which uses laser and/or ultrasound technology. Prime Mapping provides full-length internal diameter (ID), wall thickness (WT), and outside diameter (OD) map with thousands of data points per pipe, providing calculated ovality, eccentricity, out-of-roundness, bore and metal volume. This actual geometric data is essential for packer setting and cement displacement, and mitigates casing wear while drilling, as it allows operators to optimize their casing and tubing strings before running, thus obtaining higher downhole performance. By performing the service in any field, Prime Mapping saves time, costs, and CO2 emissions for operators who no longer need to send pipes back to UT benches.

Join our expert, Mahmoud ElGizawy, to learn how automated survey management solutions can allow operating companies and service providers to access the most advanced directional survey correction algorithms to optimize drilling applications in real-time by providing accurate wellbore positioning data. This allows timely correction to the wellbore trajectory without requiring additional tools or onsite personnel. The automated survey solutions maximize reservoir production by accurately placing the well in the planned spot while avoiding collision with other wells in close proximity.

Intelligent power managements aims to eliminate rig power emissions using a technology portfolio comprising automated software, energy storage, and hydrogen. It is a predictive power management system that reduces emissions, fuel consumption, and engine run time on the rig. Schlumberger successfully deploys these fuel- and emissions-saving technologies on rigs to enhance current diesel technologies, and will integrate emissions-free power production through the use of fuel cells. Intelligent power management is another part of the Schlumberger Transition Technologies* portfolio of solutions that help minimize the well construction CO2 footprint.

When it comes to Oil & Gas Drilling & Fracking operations, no two are alike —and where every dollar counts— you don't want just a rental company. Learn how having a power engineering partner that can design alternative power for your projects can save you both time and money through the well's life cycle. During the webcast, we will be taking a deep dive into new technologies and products.