Drilling & production

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.

The jack-up rig is built to Keppel’s proprietary KFELS B Class design and is the fifth of eleven jack-up rigs that Borr Drilling has ordered from Keppel.

The award includes 7 licences in the North Sea, 2 licences in the Norwegian Sea and 3 licences in the Southern Barents Sea.

8 of the production licences are in the North Sea, 8 in the Norwegian Sea and 7 in the Barents Sea.

Sparrows Group has secured a five-year contract with Tengizchevroil (TCO) to deliver specialist lifting inspection services for the Tengiz field in Kazakhstan.

The company’s targeted net production for 2020 is 520 million to 530 million boe, of which, production from China and overseas accounts for approximately 64% and 36%, respectively.

The consent applies to the drilling and completion of two wells on the Bauge field in production licence 348.