Drilling & production

The JV will pursue acquisitions of producing oil and gas assets across the Permian Basin where Henry Resources has operated for over 50 years.

The total estimated future costs associated with the delivery and placing the drillships into service would have been approximately US$1.1 billion.

The wellhead installation marks the beginning of Gusar’s contracted work with Gazprom for the first year of an up to five-year jack-up gas exploration drilling programme on the Kara Sea Shelf.

Warwick West is the third and final well of the 2019 Greater Warwick Area drilling programme on Hurricane's Lincoln and Warwick assets.

The company will offer a range of services in the Middle East and Asia covering drilling rig inspection, auditing and training.

The jack-up rig Asian Endeavour-1 is now en-route to the first well in Empyrean's drilling campaign in the West Natuna Basin.

The company's management’s has said that the Biscathorpe-2 well, which was drilled by Union Jack earlier this year, remains one of the UK’s largest onshore unappraised conventional hydrocarbon targets.

The UK-focused company achieved first oil from the Lancaster field in June this year.

A key focus for the period ended was ongoing discussions with the Ghanaian authorities about the ratification of the company's signed Petroleum Agreement on the Tano 2A Block offshore Ghana.

The 13/23c-9 pilot well on i3 Energy's 100% owned Liberator Field in the North Sea has now been plugged and abandoned as planned following completion of the vertical seismic profile (VSP) survey and shear wave sonic logging.

The company has provided an update on its onshore European oil and gas project operations.

During the contract period, Maersk Drilling will complete upgrades to the Maersk Intrepid to turn the jack-up into the first hybrid, low-emission rig.

The waterflood project is Chevron’s first in the deepwater Wilcox trend and is expected to contribute an estimated ultimate recovery of more than 175 million boe.

Perenco has bought Petrofac's remaining 51% interest in its operations in Mexico.

Brazil’s recent pre-salt rounds have attracted majors, with BP, ExxonMobil, Royal Dutch Shell, and Statoil all now operators.