Drilling & production

The majority of foreign companies are not making any profit or losing money in their partnerships with PDVSA to develop and produce hydrocarbons.

The award is the sixteenth contract extension and competitive re-tender award to Archer in the last four years for platform drilling operations and maintenance services in the UK, Norway, Greece and Brazil.

The project is the fourth major start-up for BP in 2018.

This first order for Amarinth from Iraq Gates Contracting Company (IGCC) of US$410 000 is for ten API 610 OH1 condensate transfer pumps with Plan 11 and Plan 52 double seals and seal support systems.

The company has signed an agreement with PGNiG to sell its non-operated interests in the Tommeliten discovery on the Norwegian Continental Shelf (NCS) for a total of US$220 million.

As part of the agreement, Noreco will assume all of Shell’s existing commitments and obligations, including the Tyra redevelopment and the decommissioning costs associated with the assets.

Support will initially cover the identification and evaluation of FPSO options for the development and pre-FEED technical assurance of the subsea design.

The well will be drilled from the Transocean Spitsbergen drilling facility in position 67°37'20.60"N and 6°45'57.57"E.

Recompletion operations on the company’s South Marsh Island 71 F2 well have finished.

This is the company's third large project in the Caspian Sea alongside with two other fields, Yury Korchagin and Vladimir Filanovsky.

The entire process is handled by a single operator working from a safe distance away from the wellhead and takes about 60 seconds. RigLock is also capable of handling three connections simultaneously.

The company has provided an update on FEL 6/14 that contains the Newgrange Prospect.

Coretrax has successfully saved a North Sea operator more than £500 000 during a well abandonment campaign in the UKCS.

Block Energy Plc, the exploration and production company focused on the Republic of Georgia, has announced the start of a fully-funded workover programme at its Norio oilfield intended to scale up production rapidly by the end of 2018.

On 14 October the Oseberg Vestflanken 2 field in the North Sea came on stream.