Valaris has reached an agreement with approximately 50% of its noteholders on a prearranged plan that would reduce debt by more than US$6.5 billion.
Drilling & production
In direct continuation of its previously announced work scope, the Maersk Integrator rig will move to the Ula field offshore Norway in April 2021 to drill the Ula F – Producer 1 well.
In the six months to 30 June, ERIELL drilled 638 911 m and built 175 wells, including 103 wells drilled in Russia.
Nick Walker will become President and CEO of Lundin Energy following Alex Schneiter’s decision to step-down from the position.
William H. Milne will be responsible for growing relationships with US domestic oilfield service companies and developing new business with clients in the artificial lift sector.
Abrado, a leader in surgical removal of multiple casing sections downhole, has appointed Jason Broussard as President and CEO.
The company is also undertaking a major review subsurface review of the Songo Songo gas field offshore Tanzania.
Cerebo Force in-bit sensors are designed to capture weight, torque and bending measurements directly from the bit.
The drillship Noble Sam Croft will begin drilling in 4Q20 after the rig finishes its current programme offshore Suriname.