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Oilfield services giant, Halliburton has released a new in-bit sensor package, Cerebro. The technology allows access to performance data directly from the drill bit. It then analyzes the data to optimize cutter engagement, reduces ambiguity and increases drilling efficiency. In a performance test, the sensor package obtained information, allowing the operator to employ a more aggressive cutting structure. This resulted in an increased drilling efficiency and reduced well time.
Oilfield services giant, BHGE has acquired 5% stake in Abu Dhabi’s state-owned, ADNOC Drilling. This is the first time an international partner has taken a direct equity stake in an existing ADNOC services business. BHGE will provide ADNOC Drilling with specialized equipment and technologies. ADNOC Drilling, which is the Middle East’s largest drilling company, supplies oil rigs to other ADNOC businesses.
British offshore drilling services provider, Ensco Plc has entered into an acquisition agreement to buy Rowan Companies. The deal is estimated to be worth £1.7 billion. The acquisition is said to create an “industry-leading” drilling firm with a fleet of 82 rigs covering six continents. The merged entity will be valued around £9.2 billion. The merger is expected to conclude by the first half of next year.
Stress Engineering Services (SES) has provided a state-of-the-art real-time drilling riser and wellhead monitoring system (RFMS), in addition to its Condition Based Maintenance (CBM) process to Noble Corporation. The RFMS provides dynamic subsea measurements with high reliability for the drilling riser and wellhead systems. The CBM process supports structural integrity evaluation and maintenance assessments of drilling risers. The technologies will be used on the ultra-deepwater drillship Noble Tom Madden.
After reporting heavy losses in the end of year 2017, offshore drilling company, Seadrill has now disclosed firm recovery in the first six months of 2018. The company went through the losses mainly because of the dip in offshore drilling market and ageing assets. Seadrill in a statement said that the company has recognized impaired assets of $414 million and is working towards the same.
Europe’s leading E&P Company, Lundin Petroleum has informed about the completion of Alta appraisal well 7220/11-5’s extended production testing. The testing and drilling part was performed by Leiv Eiriksson drilling rig. The flowing rate of first period was 4,500 bps and that of second period was 18,000 bpd. The total outcome was of 675,000 barrels. The main aim of this project was to establish sustainable production rates.
The increasing drilling activities need operators to be accurate and efficient in one run. Halliburton has made the task easy for the operators by releasing the iCruise Intelligent Rotary Steerable System (RSS). This revolutionary technology will provide accurate steering, longer laterals and quicker drilling facilities. V.P of Sperry Drilling expressed said that RSS has advance sensors and electronics including high speed processors that can give accurate end results.
During the drilling process of a long horizontal well that has multi-stage completions, various challenges are being faced due to restricted centralization and casing movement. At SPE ATCE, Schlumberger launched the CemFIT Shield mud-sealing cement system to counter this problem. The CemFIT Shield will be the first in line of technologies dedicated to improving zonal isolation, especially between hydraulic fracturing stages in long horizontal wells.
E&P major, ONGC received approval from the Government of India to proceed with Additional Development Drilling of 72 wells in the Krishna-Godavari basin. The Expert Appraisal Committee (EAC) under the Ministry of Environment, Forest and Climate Change, gave a nod to ONGCs proposal for the project. An investment of ₹792 crore has been outlaid by the PSU for the project. EAC has laid down several conditions for granting the clearance.
The Norwegian Petroleum Directorate informed that E&P major, Aker BP has concluded drilling operations in the central North Sea. Aker had deployed Maersk Interpid to drill two appraisal wells within the Hanz filed, and a wildcat well southeast of Hanz. The wildcat well came out to be dry, and hence was permanently plugged and abandoned.
Norwegian oil giant, Equinor has hired Transocean Norge for drilling six wells on the Norwegian continental shelf (NCS). The contract was signed in an estimated value of $89 million. Drilling services such as slop treatment and cutting handling, and part of the mobilization fee are the services included in the contract. Transocean Norge will initiate drilling start-up in the Tordis, Visund, Bauge and Snorre licenses by the summer of 2019.
Equinor has awarded two drilling contracts to Seadrill Norway Operations Limited which is based on a master framework agreement. Under the scope of this contract, two wells will be drilled in the Barents Sea using West Hercules rig and the operations will start in the spring of 2019. Equinor’s senior VP for Drilling & Well Services has informed that the company has finalized the drilling program for West Hercules.
The energy giant of Norway, Equinor AS has been given a drilling permit by the Norwegian Petroleum Directorate. This permit is for the well 7324/3-1, cf. Section 15 of the Resource Management Regulations. The energy major will be having 55% ownership interest and will work as the operator in the field. The drilling will be from the West Hercules, position 73°57'2,39" North og 24°41'04,86" East.
UK-based exploration firm, Faroe Petroleum was granted permit by the Norwegian Petroleum Directorate (NPD) to carry out drilling operations offshore Norway. The drilling program for well 30/6-30 pertains to the drilling of a wildcat well in production licence 825 in the North Sea. Faroe will deploy Transocean Arctic drilling rig on the well for the operation.
Aberdeen’s Siccar Point Energy planned to drill Lyon well in 2018. But the CEO of the company informed that the campaign has been delayed keeping in mind the impact of poor winter weather in the area. He said, “it makes sense to defer the Lyon well until next year to minimize the likely cost.” North Atlantic’s West Hercules rig was scheduled to move onto Siccar Point after completing appraisal well.
Norway’s energy major, Equinor Energy AS has been granted a drilling permit for a well by the Norwegian Petroleum Directorate. Well 6407/11-1 of Resource Management Regulations will be drilled from the drilling facility of the Deepsea Bergen. This will be the first well to be built under the production license 751 which was awarded on Feb. 7, 2014. Equinor will be the operator having 80% of the ownership interest.
Anglo African Oil & Gas plc, which is an independent oil and gas developer, has decided to append drilling TLP-103 following some problem of topside. SMP is the drilling contractor of the company and has informed that the issue is affecting a rig offshore the Congo in Tilapia Field. The company is now working towards finding an optimal solution of the problem and is trying to avoid any further delay.
Hess Corporation, yesterday, informed about its ninth oil discovery in Guyana. Oil was discovered in the Hammerhead-1 well, offshore Guyana. This is fifth in the line of oil discoveries made by Hess in the past year. High-quality, oil-bearing sandstone reservoir was encountered in the Hammerhead-1 well at 60 meters of drilling. The well was then carefully bored till 4,225 meters depth.