Drilling & production

Oil & Gas UK published its annual Business Outlook review and presented its findings in both London and Aberdeen on 20 March. Westwood’s Technical Manager, Alyson Harding, comments.

John Lechner has resigned from his position as CEO of Archer Ltd. with immediate effect.

Island Drilling has received a contract from CNOOC for the drilling of two wells on the British side West of Shetland.

Integrity Management Solutions has commenced drilling operations at the Burnett 2B well within the Monroe Swell field, onshore California.

Canadian Oil Sands production in 2019 will be almost 230 000 bpd lower than last year, according to ESAI Energy’s recently published North America Watch.

The company has sold its Malaysian assets to a subsidiary of PTT Exploration and Production Public Company Ltd.

The company has announced that all parties to the previously announced Ruvuma farm-out agreement have agreed to an extension to the longstop date to 31 July 2019.

A ceremony was held in the Yamal-Nenets Autonomous Area to mark the launch of full-scale development of the Kharasaveyskoye field.

This news comes despite projections of declining oil demand in the 2030s or even the late 2020s in some scenarios.

A major UAE operator has recovered from stuck pipe by severing its drill string in just 2.5 hrs, reports Churchill Drilling Tools, a global oilfield service company specialising in drilling innovation.

The report says that planned Canadian oil sands projects are being pushed back in response to further delays in pipeline egress and the mandated output cuts by the Alberta provincial government.

The feasibility study documents the company’s plans to develop the resources discovered during its 2018 drilling campaign, which delivered five discoveries from five exploration wells.

The company has announced that the joint venture partners have approved a 2019 work programme and budget for four firm wells and one contingent well at the Manora oilfield in G1/48.

The company is aiming for a gross initial flow rate of 325 bpd at the well, which would generate a free cash flow of approximately US$3.6 million and payback well costs in less than six months (assuming a price of US$60/bbl Brent)

The company has entered into an agreement with Gabon Oil Company (GOC) for the acquisition of a 10% interest in the Dussafu production sharing contract.