Drilling & production

The South East Etame 4P appraisal wellbore in the Etame Marin permit area has successfully encountered oilsands in the Gamba formation.

The company is presently preparing plans for drilling for the NJOM-3 well, offshore Cameroon, now that the site survey is complete.

The Yumna 1 well was spudded on 26 December 2019 and is located in Block 50, 30 km offshore east Oman.

Siemens will modernise a complete and integrated drilling-drives lineup, including auxiliaries and controls, that will be installed on an offshore jackup drilling rig for a customer in the Middle East.

In 2018, North Sea oilfields recorded 307 individual months of no production in the year to September; in the same period last year, that figure had reduced to just 248, according to the Glacier Production Index.

Octavio Romero, CEO of Pemex, has said he expects all the related contracting for this year’s projects to be finalised by the middle of this year.

The Sole gas project offshore Victoria, Australia, has passed a critical milestone with the entry of gas from the Eastern Gas pipeline into the Orbost gas processing plant.

IFR and SIMMONS EDECO will work together to pursue oil and gas opportunities in the Mexican market primarily focused on upstream oil and gas.

Global oilfield services firm RMEC has invested a six-figure sum in its onsite test bay facilities to maximise demand for its maintenance services as well as support the recertification of its extensive equipment rental fleet.

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.