Drilling
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%.
News
April 02, 2024
The scope under the frame agreement covers the majority of AGR’s services within the entire petroleum asset lifecycle, including reservoir and well management, well control and blowout contingency, operations geologists, and resourcing.
News
April 02, 2024
Transocean Ltd. announced a 365-day contract extension for the Deepwater Asgard with an independent operator in the U.S. Gulf of Mexico. The program is expected to commence in June 2024.
News
March 25, 2024
The Norwegian Offshore Directorate announced that it has granted Aker BP a drilling permit for exploration well 24/6-5 in production license 203 in Norwegian North Sea.
News
March 05, 2024
PETRONAS will drill the Sloanea-2 appraisal well starting in April 2024. A production test will also be carried out. The drilling platform is now drilling the Fusaea-1 exploration well in Block 52 and already drilled the first part of the Sloanea-2 well in February.
News
March 05, 2024
Diamond Offshore Drilling, Inc. has executed a two-year contract extension with a subsidiary of bp in the U.S. Gulf of Mexico for the Ocean BlackHornet, commencing in February 2025. This contract extension represents approximately $350 million dollars of additional backlog.
News
March 04, 2024
Shelf Drilling, Ltd. has secured a two-year contract extension for the Rig 141 jack-up rig in direct continuation of its current term with Gemsa Petroleum Company (“Gempetco”) for operations in the Gulf of Suez offshore Egypt.
News
March 04, 2024
Majors including Shell and Exxon Mobil Corp. have spent billions to acquire concessions and carry out exploration campaigns at pre-salt blocks without announcing significant discoveries and have even returned some of the blocks to Brazil’s oil regulator, known as ANP.
News
February 29, 2024
Perenco and its services subsidiary, Dixstone, have successfully designed and built a shallow water barge specifically for the campaign. The barge will complement Dixstone’s LUG platform, which over the past five years has delivered in excess of 16 MMboe in Cameroon.
Whitepaper
Making automated reservoir navigation a reality: How autonomous geosteering can unlock greater value from producing formations
February 21, 2024
Baker Hughes
News
February 21, 2024
The Hylia South West field is now producing 6,000 bopd from the HYSM-01 well, a material increase since the start of production in October 2023, less than one year after the discovery.
News
February 21, 2024
The integrated well construction services project is set to start in the first half of 2025 and will include drilling services, drill bits, wireline, cementing, wellbore clean up, fishing, remedial tools, fluids, services and geosciences. Baker Hughes will provide these services across three rigs over the course of the multi-year contract.
News
February 16, 2024
The aggregate incremental backlog associated with these fixtures is approximately $326 million. As of Feb. 14, 2024, the company’s total backlog is approximately $9 billion.
News
February 12, 2024
Borr Drilling Limited announced new contract commitments totaling 495 days and $82.2 million in contract revenue for three of its premium jack-up rigs.
