Drilling & production

The Acquired Assets produced approximately 19 thousand barrels of oil equivalent per day (MBoe/d) during 3Q19.

In Houston, READ now operates from a 9000 ft2 facility in a highly accessible area of the city, comprising offices, a technical workshop, a laboratory and warehouse storage, while the company has relocated to a new and improved customer support office in Anchorage.

The Trident XIV Jack-up rig is undertaking workover operations offshore Nigeria.

The agreement between ERU and PGNiG provides for joint operations on a licence located in the Lviv region, which is close to the Polish border.

Petrofac has been appointed by Maersk to deliver well management services, including project and supply chain management support for shallow water and deepwater wells throughout the duration of the programme.

Total will finance contributions of US$70 million at the outset, US$30 million when the North Gialo field will come onstream and US$30 million when the NC 98 field will come onstream.

In the upstream business, approximately US$11 billion is forecasted to sustain and grow currently producing assets, including about US$4 billion for Permian unconventional development and about US$1 billion for other international unconventional development.

The acquired fields, which are mostly operated by Equinor, will add additional daily production of approximately 150 000 bpd for the company, which is owned by Eni and HitecVision.

Both contracts were awarded by Baker Hughes, under a primary term of two years firm and an option to extend for another six months.

The well management and performance improvement company posted its annual results (year end to 28 February 2019), reporting that pre-tax profit has increased from £365 000 to £2.3 million.

To overcome the challenge of low recovery factors in shale reservoirs, independent global completions service company Tendeka, has launched ShaleModifier.

Nexans has announced an award by OneSubsea® for the design, manufacture and supply of two 120 km power umbilicals for a subsea multiphase compression system.

Neodrill has announced that it will enter the South East Asian market following the addition of Tor Odegard to its team.

This is in comparison to the US$64.56/bbl the price stood at the previous Friday.

Coretrax, the specialist well construction and intervention company, has acquired Churchill Drilling Tools as part of an ongoing growth and expansion strategy.