Projects were concentrated in Russia and Uzbekistan and the Group drilled 1.33 million m (2019: 1.37 million m). Similarly, the number of wells drilled was almost identical - 344 (2019: 350).
Drilling & production
The SABER Tool uses internally directed pressure differentials to steer from the drill bit face, delivering true 'at-bit' geosteering.
Petronas have reported a US$272 million loss after tax for 4Q20.
More Drilling & production news
The contract relates to Carnarvon's Buffalo project offshore Timor-Leste, where the objective is to drill the Buffalo-10 well in the second half of 2021.
The partnership will offer the owners of oil and gas discoveries near Repsol Sinopec’s existing North Sea infrastructure hubs an integrated, technically robust and commercially flexible solution to meet their near to mid-term development objectives.
GlobalData’s latest report, ‘Q4 2020 Global Oil & Gas Industry Contracts Review’, states that the upstream sector reported a total of 815 contracts in 4Q20.
Northern Solutions Alaska LLC will represent Tendeka in actively promoting sales, installation, and services of its completion products and technologies in the region.
Neil Bird will be responsible for the company's development and commercialisation of an alternative to traditional RSS tools.