Adjusted net income attributable to the company was US$83 million, or 10 cents per share, in the quarter ended June 30, compared with US$91 million, or 12 cents per share, in 1Q21.
Drilling & production
Tolmount first gas will be delayed beyond the end of July and is now likely to be around year-end, due to issues identified in electrical systems on the HGS Tolmount platform.
The work programme is scheduled to last approximately four months and to start the process of converting approximately 100 million boe (gross) of 2C resources into 2P reserves.
In 2020, US initial crude oil production per well, or well production efficiency, increased significantly in the Bakken region, according to the U.S. Energy Information Administration’s Drilling Productivity Report.
Tidy Planet has shipped four of its A900 Rocket Composters and a bespoke Dehydra Dewatering system to an oilfield in Kazakhstan, to compost the site’s 255 tpy of food waste.
The two companies, along with ADNOC Drilling, will provide rigless services across six of ADNOC's artificial islands in the Upper Zakum and Satah Al Razboot fields.
Seadrill’s West Saturn drillship will be fitted with FUELSAVE’s combustion conditioning technology to reduce fuel consumption and harmful emissions while it operates in the Bacalhau field in Brazil.
KCA Deutag Kazakhstan LLP will focus on PSA projects in Kazakhstan, covering engineering, procurement and leasing of drilling rigs, as well as their operations and maintenance, re-construction and modification.
The added well intervention scope has a firm duration of 31 days, which means that the Maersk Intrepid rig is now contracted until February 2022.
The field will produce around 115 000 boe/d at plateau, with the start of production having been delayed from 2016.
Andrew Law and Neil Bird, Enteq Upstream, explain why the technical and commercial realities of today’s broad energy landscape and the directional drilling market demand that an alternative be added to the RSS roster, and how that need can be met.
Carnarvon Petroleum has signed a letter of intent with an unnamed rig contractor, and a formal rig contract is now being finalised.