Drilling
News
June 12, 2023
Prices to rent the most advanced offshore drilling rigs averaged $420,000 a day for the first half of this year, as roughly 90% of the industry’s active fleet is contracted for work.
News
June 12, 2023
With its industrial base and deepwater ambitions, CNOOC, one of China’s three main state-owned oil firms, is on a spending spree to develop the drilling technology currently dominated by western oil majors.
News
June 09, 2023
The updated estimate of the discovery size is 53-90 MMboe, which is twice as large as the original pre-drill estimate and slightly larger than the preliminary estimates announced on May 25.
News
June 09, 2023
The plans for a strategic relationship between Vår Energi and Halliburton build on the already established one-for-all and all-for-one model and represents incentives to work as an integrated team toward common goals.
News
May 29, 2023
The Brazilian company has had an oil rig in place since early December, awaiting approval to drill in block FZA-M-59, costing around $1 million a day.
News
May 16, 2023
The contract covers the manufacture, transport, handling and repair of a broad range of casing materials used in offshore drilling activities.
News
May 10, 2023
The estimated 300-day contract is expected to commence in the first quarter of 2024. The contract also provides for a one-well option, potentially keeping the harsh environment semisubmersible in Australia through the first quarter of 2025.
News
May 08, 2023
The contract is for two wells plus optional well testing. The drilling program, including mobilization, is projected to commence in the fourth quarter of 2023.
News
April 28, 2023
The firm term of the contract is two wells approximating to 270 days. The contract value for the firm period excluding certain integrated services is approximately $61 million.
Article
April 2023
Evaluating, analyzing and monitoring drill bit performance is crucial to ongoing development of new bit designs, materials optimization and component selections, which increase ROP and bit life, while reducing NPT and well costs. Digitally enabled automated offset analysis helps to visualize and understand bit performance at scale and across geographies.
News
April 25, 2023
Shelf Drilling, Ltd. has secured a short-term contract for the Adriatic I for operations offshore Nigeria, with a firm term of 90 days and an estimated contract value of $11 million, excluding revenues for mobilization and demobilization.
News
April 19, 2023
The Transocean Enabler was awarded a 19-well contract in Norway at a current rate of $377,000 per day. Additionally, the Transocean Encourage was awarded a nine-well contract in Norway at a rate of $350,000 per day.
News
April 19, 2023
The vessel is equipped with the latest digitalization and automation solutions, ensuring the highest standards of safety and respect for the environment which place it at the top of the technological offering for ultra-deepwater projects.
News
April 13, 2023
ADNOC Drilling will provide IDS for the development of the Upper Zakum field, the largest producing field in ADNOC’s offshore portfolio.
News
April 11, 2023
The well targets a previously discovered gas pool, which was never previously produced, through a long reach directional well bore to enable production.
News
April 05, 2023
The offshore drilling contractor is working with a financial adviser, said the people, who asked to not be identified because the matter isn’t public.
News
April 04, 2023
The company will have a streamlined cost structure and will be well-positioned for further growth given its stronger credit and liquidity profile, providing attractive cash flows.
Whitepaper
Seven factors that improve well delivery performance
April 03, 2023
Actenum
News
April 04, 2023
First oil from the well is expected in early April. Commissioning and start-up of the new gas lift compressor will follow the first oil activities on the FPSO.
Article
March 2023
A cross-sector collaboration between suppliers and project partners to design rigs at the concept stage for tie-back will be beneficial. This approach enables the industry to move from sequential development stages toward simultaneous drilling and platform construction to accelerate timelines.
