Drilling & production

The company has announced a net loss of US$1.7 billion for 4Q19, compared to a net income for 3Q19 of US$295 million.

ASH-2 which was drilled to a total depth of 4030 m in the Alem El Buieb (AEB) Formation onshore Egypt, has been completed to allow selective production from both an upper and lower reservoir interval.

SNC-Lavalin will provide front-end engineering and design (FEED) services for the second phase of the Haliba field, located in Al Dhafra Petroleum’s concession area.

The company recorded annual production of 75.5 milllion boe in 2019.

The DTM-5H well marks the completion of the first of two new well clusters on the Tortue field, offshore Senegal and Mauritania, which will be tied back to the FPSO BW Adolo and boost oil output.

Cairn Energy has provided an update on its operations in the North Sea, West Africa and Latin America.

Wood will continue to work with Saudi Aramco to develop engineering design and implementation strategies to produce and deliver gas from shale and tight gas reservoirs.

The contract award is part of a total of £4 million in new business for the oil and gas consultancy.

The two rigs will be built collaboratively between IMI and Lamprell, with Lamprell’s share of project value amounting to circa US$350 million.

Current production is around 10 000 bpd, and is set to reach 20 000 bpd during the next weeks.

The delivery of the first rig is expected in 1Q22 and the second rig in 2Q22.

The contract extension is for the ultra-harsh environment, low-emission jack-up rig Maersk Integrator, which will move to the Ivar Aasen field offshore Norway to drill two wells.

Development of the Wressle oilfield in North Lincolnshire, UK, can now proceed.

The consent applies to the use of the Island Wellserver well intervention facility for light well intervention on fields in the North Sea, Norwegian Sea and Barents Sea.

Estimated net production from Serica’s interests in Bruce, Keith, Rhum (“BKR”) and Erskine, in the UK North Sea, was 30 000 boe/d during 2019, around 13% higher than the production from the same assets in 2018 on a like-for-like basis.