Drilling & production - 07 March 2017

Erin Energy Corporation has announced the execution of a drilling services contract with Pacific Drilling for use of the Pacific Bora drilling rig.

Global oil supply could struggle to keep pace with demand after 2020, risking a sharp increase in prices, unless new projects are approved soon, according to the latest five-year oil market forecast from the International Energy Agency.

Cairn has announced the results of the SNE-5 appraisal well offshore Senegal where operations have been safely and successfully completed ahead of schedule and under budget following drilling, logging, drill stem testing and the setting of pressure gauges.

Weatherford International plc thas announced the development and deployment of a high-performance cement retainer and bridge plug for use in wells in Sakhalin Island, Russia.