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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. This leads to the increased risk of zonal isolation. At SPE ATCE, Schlumberger launched the CemFIT Shield mud-sealing cement system. This will be the first technology of the industry 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.
Equinor unveiled its plans wherein it will drill over 3,000 wells offshore. The focus of the company is to improve the output from older fields and ensure a prolonged production lifetime of almost 20 installations by 2030. The head of development and production of the company said that they aim to achieve 60% and 85% of the recovery rate of oil and gas fields respectively.
In a gathering to commemorate Colombia’s Ecopetrol SA’s 10th anniversary of NYSE listing, CEO of the company informed that they are going to increase the drilling activity and secure operational licenses. This decision has been taken in order to achieve 2018 $3 billion to $3.5 billion capital plan of the company. He also said that the target is becoming a challenge because of the spending delays in the initial years.
Essar Oil subsidiary, Essar Oil and Gas Exploration and Production (EOGEPL) has entered into a gas sale and purchase agreement (GSPA) with state-run GAIL for a 15-year term. GAIL won the bid for the contract floated by EOGEPL. The deal will help monetize EOGEPL’s complete CBM production from the Raniganj East block. The Essar subsidiary has already concluded drilling of 346 out of the 500 CBM wells.
After securing contracts with Nexen Petroleum, Decipher Energy and Total earlier this year, oil services firm TWMA has now won a deal worth £5 million from Apache. Under this agreement, TWMA will provide handling services and drill cuttings containment for three years on Apache’s Beryl field. TWMA will separate drill cuttings into oil, water, and solids at its Peterhead facility for recycling and reuse.
Houston-based Diamond Drilling released its Q2 report, showing a net loss of £59 million. The company profits have dropped down £44m between Q1 and Q2. Additionally, there has been a significant decrease in drilling contracts for the firm, almost £169 million less in 2018. The CEO of the Diamond Drilling appreciated the efforts of the company towards improving the offshore drilling efficiency with the launch of Blockchain DrillingTM service.
The provincial government of KwaZulu-Natal (KZN) in South Africa is looking towards investing more than R200 billion for infrastructure development. The government has shifted its focus on offshore oil and gas exploration. The acting KZN Premier, who is currently attending the BRICS Business Council Investment Opportunities conference, spoke about how the provincial government is actively taking interest in oceans economy.