Drilling
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.
Article
April 2024
A new event detection and management service integrates proven MPD and wired drill pipe technologies for faster detection and resolution of downhole events and safer, more efficient deepwater drilling.
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.
News
April 11, 2024
Petrobras expects to require 280 new wells through 2028, and refurbish or plug another 700 wells, it said in an emailed response to questions. The company said the market for day rates is dynamic and that it will review pricing when hiring new rigs.
News
April 10, 2024
A subsidiary of Shelf Drilling (North Sea), Ltd. has secured a contract extension for the Shelf Drilling Barsk jack-up rig with Equinor for operations at the Gudrun field in the Norwegian Continental Shelf.
News
April 09, 2024
Borr Drilling Limited announced new contract commitments for three of its premium jack-up rigs, the Prospector 1, the Gunnlod, and a rig to be determined. The commitments total 820 days and $158.6 million in contract revenue.
News
April 07, 2024
Valaris Limited announced that ARO Drilling, its joint venture in Saudi Arabia, received a notice of suspension from Aramco for one of its 19 contracted rigs, jackup VALARIS 143. The rig’s contract was previously scheduled to end in December 2024.
News
April 04, 2024
In March, Saudi Aramco announced plans to reduce capital investment by roughly $40 billion between 2024 and 2028. This was mostly due to the Kingdom’s decision to maintain productive capacity at 12 MMbpd. As part of the decision, Aramco has suspended 17 rigs to date, with a potential for additional releases in the near term.
News
April 03, 2024
The Yumna-5 well will be drilled at the crest of the structure to drain attic oil left un-swept by the current producers.
News
April 03, 2024
Who Dat East is estimated to contain 17 MMboe of gross unrisked 2C Contingent Resources. The Who Dat South prospect is estimated to contain 31 MMboe of gross unrisked 2U Prospective Resources, with the geological probability of success estimated to be 52%.
