Drilling & production

The existing US$50 million bank delivery financing for the rig will be replaced with a new US$100 million take out facility maturing in 31 December 2021.

The contract includes the supply of cementing service, wireline services, wellbore fluid services and fishing, milling and swarf recovery services.

Archer increased its 4Q19 revenue to NOK239.7 million, an increase of 3% compared with 4Q18.

Salah is expected to a reach its targeted depth of approximately 9000 ft in late March/early April and is targeting gross P50 unrisked prospective resources of c.71 billion ft3 equivalent, as estimated by management.

The company has recruited Kevin Langan as Managing Director to lead and manage its Global Business.

The Bozhong 24-9 oilfield in the Bohai Sea is expected to reach its peak production of approximately 22 500 bpd in 2022.

The joint venture will be based in Baku, Azerbaijan, and will focus its business development and operations both on onshore and offshore Azerbaijan.

The ultra-deepwater drillships Noble Bob Douglas, Noble Tom Madden and Noble Don Taylor, which are currently executing drilling assignments for ExxonMobil offshore Guyana, are included in the framework agreement, and other drilling rigs may be added to the agreement.

The organisers of Future Oil & Gas have announced the 2020 Advisory Board and agenda for the 4th annual high-level conference and exhibition taking place at P&J Live in Aberdeen, UK, on 9-10 June 2020.

The company is to deliver a 10 km length of thermoplastic composite pipe (TCP) to a supermajor in West Africa.

The company has reported 4Q19 revenues of US$2.28 billion, an increase of 7% compared to 3Q19 and a decrease of 5% compared to 4Q18.

A new gas module that was recently put onstream on the Troll C platform will accelerate and boost production from Fram by substantial profitable volumes.

Hurricane is planning an accelerated Lancaster Area work programme, focussed on drilling an additional production well on Lancaster in 2020.

The company will supply O-I with 1 PJ per annum for two years commencing 1 January 2021.

Following the agreement, Shell will assume the operation of the Fuerte Sur, Purple Angel and COL-5 blocks.