Drilling & production

The Mærsk Developer semi-submersible rig is expected to begin operating offshore Trindad and Tobago for BG International Ltd in 1Q20.

The data collected from the drilling has established the well as a successful appraisal of the Mako gas field, offshore Indonesia.

Drilling operations at the TLP-103C-ST well offshore the Republic of the Congo could commence either in 1Q20 or 2Q20, dependent on the rig’s current commitments.

It will serve all ADNOC Group companies, catering to the upstream, midstream and downstream segments.

The company continues to observe growth in Europe, the Middle East and Africa.

Government representatives from Senegal, Angola, Uganda, Ghana, Equatorial Guinea, Mozambique and Somalia promoted their oil and gas sectors to a global audience of investors, suppliers and other key stakeholders.

The transaction covers all of Equinor’s interests in the Eagle Ford Joint Venture (JV) with Repsol, covering 69 000 net acres. Following this transaction Repsol will have a 100% interest in the asset.

The well targeted an extension of the Upper Jurassic Rogn Formation sandstone which forms the main reservoir of the producing Draugen field.

Gravity's acquisition of On Point will create the largest commercial produced water disposal company by injection volumes in the Midland Basin.

Cooper Energy and Beach Energy are conducting a appraisal programme in the Cooper Basin.

The drilling service provider demonstrated its quality management system met the strict criteria set out by API after being audited in October.

The company has reduced its 2020 CAPEX forecast by approximately 30%.

The company's operating cash flow totalled US$597 million, a 22% increase compared to the second quarter. Third-quarter oil production increased 19% year-over-year, exceeding guidance.

Sparrows Group has doubled the size of its operations in the United Arab Emirates after securing contracts worth in excess of £55 million in the past three months.

The company has expanded its teams in the Middle East and Mexico.