Drilling & production

Fluor’s scope of work at the Karachaganak field in Kazakhstan includes feasibility studies, front-end engineering design and other engineering services.

Eric Lookofsky and Matt Miller, Newpark Drilling Fluids, USA, discuss how key facility investments have aided the development of drilling, completion and stimulation products.

A study by Rystad Energy has concluded that offshore projects sanctioned between 2010 and 2012 have barely been able to generate any value for E&P companies.

The contract is with Serica Energy and is expected to commence in 4Q20.

The company has acquired a 20% interest in the exploration and production licence covering Block 56 onshore Oman.

South Sudan also announced at South Sudan Oil & Power 2019 that it would launch its first ever licensing round in 1Q20, putting up 13 onshore blocks for tender.

The company's HyPR™ stuck pipe solution was used to cut drill-strings at four sites in the Middle East.

The Andaman II PSC is an exploration block over the North Sumatra Basin covering an area of 7400 km2.

First gas from a new well at Spirit Energy’s Chiswick field in the Southern North Sea was achieved in July 2019 and has added up to an additional 25 million ft3/d of gas to the field.

During operations to recover a failed packer, the well started flowing natural gas to surface. For safety reasons, the well was immediately shut in.

The exploration target of the Alom-1 well on Block 9 was to prove hydrocarbons in stacked Pleistocene targets. The objectives were found to be dry and the well will now be permanently plugged and abandoned.

The company achieved a total net production of 124.8 million boe for 3Q19, representing an increase of 9.7% y/y.

Prior to the drilling of well 6506/11-11 S, the operator’s resource estimate for the discovery was between 3 and 21 million m3 of recoverable oil equivalents.

DST2 was performed over a 12 m interval from 2834 m in the upper portion of the Lower Tsagaantsav Formation. The zone flowed oil and some associated gas to surface without the need for any artificial lift.

The company has announced 3Q19 sales and revenues of US$12.8 billion, a 6% decrease compared with US$13.5 billion in 3Q18. The decrease has been attributed to a US$1.2 billion movement in dealers’ inventories.