Drilling & production

The agreement, which has been held by Petrofac since 2014, commenced on 30 September.

The company has been informed that, following the successful Portland EWT programme, the KL4 EWT flow sequence operation has now commenced.

The hydraulic fracturing process at Preston New Road will take approximately three months to complete for both exploration wells.

Equinor and the Johan Sverdrup partnership have submitted a letter of award to NKT for fabrication and installation of two high-voltage cables supplying power from shore for the second phase of the Johan Sverdrup development.

The company has announced the T sand interval at the Pintadillo-1 discovery has flow tested under natural flow at 590 bopd of 30.4 degrees API oil under choke of 18/64 in. with strong wellhead pressure of 110 psi.

The operations are at the company's Fracción C, Fracción D and Laguna Los Capones assets, onshore Argentina, operated by Compañía General de Combustibles S.A. (‘CGC’).

A report from ESAI Energy claims that the loss of Iranian exports will be offset by greater crude production from the US, Brazil, UK, Russia and the Arab Gulf in 2019.

The current operator of the exploration site in West Sussex has safely finished a seven day well test of the horizontal well there.

As a globally renowned expert, Pieper’s appointment will consolidate the organisation’s multiphase testing and research capability.

The company has signed an agreement to acquire Chevron’s 40% operated interest in the Rosebank project, one of the largest undeveloped fields on the UK Continental Shelf (UKCS).

Cia Brasileira de Offshore has contracted PG Flow Solutions to supply liquid mud agitators for two of the shipowner’s offshore supply vessels.

Revenue was up on 2016 by 23% at £278 million, with profit of £0.8 million, down £0.2 million on 2016.

The contract is extended through October 2021 and includes a blend and extend modification to the previous contract dayrate, effective September 2018.

The company is excited for its anticipated delivery of its high quality heavy crude oil into the market.

The company has announced that the Ocean Rig Poseidon, a sixth generation deepwater drillship, has commenced its mobilisation.