Drilling & production

A Rystad Energy analysis shows the number of drilled wells globally is expected to reach around 55 350 this year, the lowest since at least the beginning of the century.

Approximately 80% of the oil and gas properties impairment losses are due to the significant and immediate reduction in oil and natural gas prices assumed up to 2025.

Profit before taxes amounted to US$151 million, compared to a loss before taxes of US$414 million in 1Q20.

Weatherford will project manage the drilling and completion of 20 wells in the Al-Nasiriyah field in the Dhi Qar province in southern Iraq.

The approval ensures that Ohio’s well plugging regulations address modern industry operations, standards and materials while putting in place better planning and review of plugging operations by the well owner as part of the permitting process.

Similar to the previous downturn, awards for FPSO vessels are set to recover next year, with seven projects likely to be sanctioned according to Rystad Energy.

The four-year contract will provide a minimum of 30 Non-Umbilical Downhole Deployment Valves (NU-DDV™) that will be deployed in Eni’s critical wells.

The contract is for new water treating facilities for North Caspian Operating Company (NCOC) in Atyrau, Kazakhstan.

Production from the Lancaster field was 1.3 million bbl in 2Q20, compared to 1.4 million bbl in 1Q20.

The company will deploy its SonicGauge™ Wireless Monitoring System in onshore gas fields in Asia for a supermajor.

The software will support Valaris employees globally in managing their learning and competency needs.

Jaguar plans to utilise Emerson’s E&P software solutions for seismic and well data analysis amongst other areas.

Designed to provide real time pressure and temperature data anywhere in the well, the Instrumented Tubular Plug has been qualified for use on high pressure high temperature wells.

Equinor and its partners have signed a letter of intent with Odfjell Drilling for the Deepsea Atlantic rig to drill 12 wells during phase 2 of the Johan Sverdrup field development.

The Mahalo gas project in Queensland, Australia, is held 40% by Comet Ridge, 30% by Santos and 30% by APLNG (where Origin Energy is the development operator).