US oil production from tight formations increased in 2019, accounting for 64% of total US crude oil production, according to the US EIA.
Drilling & production
The contract was awarded by Dana Petroleum and will be executed by Ocean Installer’s office in Aberdeen, UK, with engineering work beginning immediately and offshore operations scheduled for 2Q20.
The company has announced that the Q10-A field offshore the Netherlands produced 258 million m3 of gas during 4Q19, compared to 203 million m3 in 3Q19.
More Drilling & production news
Cairn Energy has provided an update on its operations in the North Sea, West Africa and Latin America.
Wood will continue to work with Saudi Aramco to develop engineering design and implementation strategies to produce and deliver gas from shale and tight gas reservoirs.
The contract award is part of a total of £4 million in new business for the oil and gas consultancy.
The two rigs will be built collaboratively between IMI and Lamprell, with Lamprell’s share of project value amounting to circa US$350 million.