Drilling & production - 23 March 2016

Spectrum services designed to deliver real time subsurface data to help optimise well interventions and completions performance.

Seadrill Ltd has been awarded an 18 month contract extension for the drillship West Tellus by Petroleo Brasileiro SA.

Recent tax cuts were biased towards older, existing assets.

The contracts are based offshore Oman.

The assets, primarily located in Louisiana’s DeSoto and Bossier Parishes, consist of approximately 52 933 gross (34 167 net) acres with 4Q15 average production of 113 million ft3/d.

Tap Oil has provided an update on the Manora Oil Development in the Northern Gulf of Thailand.

Petrobras has stated that the Libra Consortium has concluded the drilling and the evaluation of the well 3-BRSA-1322-RJS and has confirmed the discovery of good quality oil.

An industry slimming down is opening up the opportunity for implementation of innovative solutions to lower overall costs and optimise results of investments.