Drilling & production

The company proved reserves totalled 24.3 billion boe at year-end 2018.

The company has provided an update on operations at its Balcombe, Brockham and Lidsey oil and gas assets.

The project will mark the first time one of its high torque machines will be used on a drillship, the sixth generation ultra-deepwater capable ‘Tungsten Explorer’.

Block’s interest in the Licence is held via its 100% owned subsidiary Georgia New Ventures, Inc (‘GNV’) which is also party to the Agreement.

The Colter well (98/11a-6) has been drilled as a vertical well with the Ensco-72 jack-up rig and has reached a total depth of 1870 m MD in the Sherwood Sandstone.

Global drilling and engineering contractor KCA Deutag has announced that its Offshore business unit has been awarded a new drilling contract by Enquest Heather Limited for the Magnus, Thistle and Heather platforms.

Production rates from the pad at its East Denver project have achieved an Initial Production (‘IP’) rate of 4 600 boe/d during the flow-back period.

The Colter well (98/11a-6) has been drilled as a vertical well with the Ensco-72 jack-up rig and has reached a total depth of 1870 m MD in the Sherwood Sandstone.

Equinor sold natural gas for around US$26 billion in total in 2018, an increase of 29% from 2017.

A surge in final investment decisions (FIDs) this year on new petroleum projects worldwide could see sanctioned volumes of oil and gas – excluding shale and tight oil and gas prospects – nearly triple compared to last year’s tally.

Neptune Energy and Sonatrach have announced that first gas has gone in to the Touat project in Algeria as part of project commissioning.

Upon the plant’s completion in 2020, Halliburton will begin local manufacturing of specialty chemicals to help customers achieve production and reliability goals in applications from the reservoir to the refinery.

These contracts are for onshore drilling in the Middle East, Russia and Africa.

After years of budget cuts, oil and gas companies are finally stepping up their exploration game. Several wildcat wells planned for 2019 have the potential to be 'elephant' finds, according to Rystad Energy.

The operator of the HH-1 Kimmeridge Limestone and Portland Sandstone oil discovery, has announced that Portland oil production has been re-established from the Horse Hill-1 well in which the company has an 11.765% interest.