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Halliburton introduces new 3D reservoir mapping technology
July 18, 2019
Source: World Oil

Halliburton introduces new 3D reservoir mapping technology

With an aim to enhance the drilling efficiency, Halliburton has released first 3D reservoir mapping technology. This is a new logging-while-drilling (LWD) capability which will significantly improve well placement in complex reservoirs. It will give a detailed representation of subsurface structures. "In complex formations, visualizing data in a 3D environment helps operators significantly enhance reservoir understanding to drive better drilling decisions and maximize asset value", said VP of Sperry Drilling.

Cougar Mechanical Thruster saves C$130k for drilling major
July 4, 2019

Cougar Mechanical Thruster saves C$130k for drilling major

Sponsored

A major drilling operator has reportedly saved C$130k and avoided multiple trips per section by using CougarTM Mechanical Thruster in a production field of Alberta. The operator was drilling a 311 intermediate hole, and was forced to spend an average time of two days per section. Designed and manufactured by Canada's leading drilling solutions provider, Cougar Drilling Solutions, the Mechanical Thruster reduces the severity of shock and vibration downhole.

KOC awards integrated offshore drilling services contract to Halliburton
July 4, 2019
Source: World Oil

KOC awards integrated offshore drilling services contract to Halliburton

Oilfield services giant, Halliburton has secured an integrated offshore drilling services contract from Kuwait Oil Company. The contract pertains to exploration well in the Arabian Gulf. Halliburton will provide and manage drilling, fluids, wireline and perforating, well testing, coring, cementing, coiled tubing, and all offshore logistical services. The contract also requires Halliburton to deliver the offshore rigs and supply vessels for the project.

Cairn to spend Rs 7,924 cr on 123 wells at Ravva field
June 20, 2019

Cairn to spend Rs 7,924 cr on 123 wells at Ravva field

Cairn Oil and Gas has planned to invest Rs 7,924 crore on various sectors of upstream over the next decade. The company has strategized the drilling of additional 123 exploration and development wells at Ravva oil field in Krishna Godavari basin off the Andhra coast. In the last financial year, the company's average daily working interest production from Ravva field declined by 13%.

Cluff Natural Resources raises £15m through share placing
June 7, 2019
Source: Energy Voice

Cluff Natural Resources raises £15m through share placing

To pay for its share of drilling costs, Cluff Natural Resources (CLNR) has raised £15m through placing of 854.2million shares with new and existing investors. Shell has recently completed a 70% farm-in to the P2252 licence in the southern sector, containing the 100 million-barrel Penascola prospect. It also signed a deal to farm in 50% to Cluff’s P2347 licence which contains the Selene discovery.

Shell achieves production at Appomattox ahead of schedule
May 24, 2019
Source: World Oil

Shell achieves production at Appomattox ahead of schedule

Oil supermajor Shell has announced about achieving production at the 175,000 boed Appomattox floating production system in Gulf of Mexico, months ahead of schedule. Shell upstream director, Andy Brown said, "That Appomattox was safely brought online ahead of schedule and far under budget is a testament to our ongoing commitment to drive down costs through efficiency improvements during execution,". Appomattox has seen more than 40% reduction in costs since 2015.

Eni discovers gas and condensate in CTP-Block 4, offshore Ghana
May 10, 2019
Source: Eni

Eni discovers gas and condensate in CTP-Block 4, offshore Ghana

Italian oil major, Eni has informed about discovering gas and condensate in CTP-Block 4, offshore Ghana. Eni used the Maersk Voyager drilling ship to drill the well on the Akoma exploration prospect, uncovering an estimated volume of 550-650 bcf of gas and 18-20 mmbbl of condensate. Eni operates the CTP-Block 4 where Vitol Upstream Tano, GNPC, Woodfields Upstream, and Explorco are partners.

Halliburton introduces scalable MPD system
May 8, 2019
Source: World Oil

Halliburton introduces scalable MPD system

Halliburton has introduced new technology in the market, Flex Managed Pressure Drilling System (MPD). It is a scalable and mobile technology which is designed to deliver greater rig efficiency. It assists the driller to control backpressure or choke position while drilling, tripping and making connections by providing a single, straightforward display. By deploying real-time hydraulic modelling, the system can also be used as a full MPD solution.

Repsol and LLOG Exploration ink Asset Exchange and Joint Participation Agreement
April 30, 2019
Source: BOE Report

Repsol and LLOG Exploration ink Asset Exchange and Joint Participation Agreement

Louisiana-based LLOG Exploration has entered into an asset exchange and joint participation agreement with Repsol E&P USA. The agreement pertains to Gulf of Mexico, and will provide for drilling operations of a delineation well at Repsol’s Leon discovery and also cover for blocks in Keathley Canyon. Additionally, Repsol will purchase stakes in the LLOG-operated discovery Moccasin in Keathley Canyon.

BP grants contract to Turan in Caspian
April 17, 2019
Source: Azer Tac

BP grants contract to Turan in Caspian

Oil supermajor BP has awarded a drilling and engineering contract to the Turan Drilling & Engineering Company LLC, a joint venture between KCA Deutag and SOCAR AQS. The contract award builds on the successful local content development strategy by BP. The scope of the contract includes offshore operations and maintenance activities for BP-operated rigs in the Azeri-Chirag-Gunashli (ACG) oil and Shah Deniz gas fields.

World’s largest offshore drilling company comes into existence
April 12, 2019
Source: Energy Voice

World’s largest offshore drilling company comes into existence

The merger between UK-based Ensco with rival firm, Rowan has been concluded, creating EnscoRowan, the world’s largest offshore drilling firm by fleet size. EnscoRowan owns a total of 54 jackup rigs, 16 drillships, 12 semi-submersibles and two deepwater managed units. The two companies reached an agreement in October 2018 to merge together. While shareholders of Ensco will hold 55% of the new firm, Rowan shareholders will get 45% of EnscoRowan.

IOOA cautions against the proposed drilling ban
April 8, 2019
Source: Irish Examiner

IOOA cautions against the proposed drilling ban

Ireland’s exploration lobbyist, the Irish Offshore Operators' Association (IOOA) has advised against the proposed bill targeting a ban on offshore drilling in Ireland. The association stated that any disruption to the Russian gas supply into Europe could buoy gas prices by 22.9%, and electricity prices by 15.5% in Ireland. The bill which has now advanced to select committee stage could progress through the Dáil, owing to the potential TD support.

ADNOC Drilling aims at expansion outside the UAE
April 1, 2019
Source: The National

ADNOC Drilling aims at expansion outside the UAE

State-run, ADNOC is looking to expand business activities outside UAE. The oil major aims at drilling outside the UAE, apart from a 40% ramp up in drilling of local conventional resources by 2025. Oilfield services giant, BHGE, which owns 5% stakes in ADNOC Drilling, will assist the company in carrying out local drilling operations. ADNOC Drilling recently concluded the first “fully integrated drilling services” well in the Al Dabbyia field.

Halliburton presents new Motors Center of Excellence
March 6, 2019
Source: World Oil

Halliburton presents new Motors Center of Excellence

Oilfield services giant, Halliburton has established Motors Center of Excellence which will work towards customizing motor designs for specific basin challenges. The center leverages mechanical engineering expertise to deliver highly durable motors that drill quicker and enables longer runs with a higher rate of penetration. Halliburton is looking forward to escalating research and development activities for delivering prominent drilling motors to the industry.

ONGC to drill 406 wells at a cost of Rs 2,403 crore
March 1, 2019

ONGC to drill 406 wells at a cost of Rs 2,403 crore

India's ONGC will drill 406 wells in its Mehsana asset in Gujarat whose cost will be Rs 2,403 crore. The firm has applied for Environmental Clearance (EC) for the same. In its EC application, the company has mentioned that “The proposed project will be covering an ML area of 1114 square km wherein 406 wells are proposed to be drilled for development".

Rowan secures contract from Lundin Norway
Feb. 1, 2019
Source: World Oil

Rowan secures contract from Lundin Norway

Rowan Companies has secured a seven-well program for its N-class jack-up rig, Rowan Viking from Lundin Norway AS. The ultra-harsh environment rig will be deployed in Norway for a minimum duration of 265 days. Work under the contract is likely to begin in second-quarter/third-quarter 2020. The contract also has four additional one-well priced options.

First oil for Santos from Van Gogh project
Jan. 23, 2019

First oil for Santos from Van Gogh project

Australian oil and gas giant, Santos has informed about producing first oil from the Van Gogh infill project, offshore Western Australia. The project, which commenced in September of 2018, involved drilling of two subsea wells and their completion. The wells were, then, connected into existing offshore infrastructure. Santos holds 52.5% stakes and the operatorship of the Van Gogh-Coniston-Novara project.

ONGC to invest huge capital for drilling activities in Assam
Jan. 7, 2019

ONGC to invest huge capital for drilling activities in Assam

The Indian state of Assam will see major investment from E&P major, ONGC for pursuing drilling activities in the region. S K Moitra, Director (Onshore), ONGC informed that the firm has decided to drill 200 developmental wells across fields under its Assam Asset. The project will continue over the next seven years, and will cost the state-owned firm approximately Rs.6000 crores.

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