Drilling & production

Recent analysis projects a 2019 recovery in oil demand from quite slow growth in 2018 due to weak demand in China and demand contractions in the Middle East and Latin America.

First wellhead production agreement delivers on ADNOC’s UAE in-country value commitment.

The commerciality of India’s deepwater and ultra-deepwater developments has been positively affected by the continuing low costs in the service sector.

The Norwegian Petroleum Directorate has granted Faroe Petroleum Norge AS a drilling permit for well 31/7-3 S, cf. Section 15 of the Resource Management Regulations.

Crude delivered by rail from the Bakken is expected to grow from an average of 230 000 bpd this year to about 300 000 bpd in 2019 as production growth fills available pipeline capacity.

Triangle’s Managing Director Mr Rob Towner said the farmin to the Mt Horner L7 Production Licence further demonstrates the company’s strategy of growth in the Perth Basin.

Equinor and the Johan Sverdrup licence have awarded a jacket contract for the processing platform for Johan Sverdrup phase 2 to Kværner. The contract value is around NOK 900 million.

The company has received follow-up orders from its contract partner, the Norwegian service company Aibel, that are to tie in with phase 1 of the Johan Sverdrup oil field project.

The Petroleum Safety Authority have given Equinor Energy AS consent for exploration drilling of well 36/1-3.

Total E & P Norge AS has received consent to use Skirne and Byggve beyond the originally planned operational life.

A new gas module has been put on stream on Troll B, boosting the oil production and processing capacity on the Troll field.

Maersk Invincible has completed the plug and abandonment (P&A) programme of wells at the Valhall field centre.

The contract is expected to commence the first quarter of 2019.

The company, through its 51%-owned joint-venture with PetroVietnam Technical Services Corporation, has been awarded a time charter contract by Idemitsu Kosan Co., Ltd. for the provision of a Floating, Storage and Offloading Vessel in Vietnam.

The award is through Ross Offshore Well Management AS, which Claxton will support with equipment delivery.