GlobalData: best performing wells in Permian break-even at as low as US$22/bbl
Well lateral lengths in the Permian have increased in average by more than 1500 ft since 2016 to approximately 7500 ft by the end of 2017, says GlobalData.
Well lateral lengths in the Permian have increased in average by more than 1500 ft since 2016 to approximately 7500 ft by the end of 2017, says GlobalData.
Anglo African Oil & Gas plc, an independent oil and gas developer, has announced the results of further work on the TLP-102 well (‘TLP-102’ or ‘the Well’) on the Tilapia licence in the Republic of the Congo.
Carnarvon Petroleum Limited has provided the following update on the drilling at the Dorado-1 well.
Savannah Petroleum PLC, the West African focused British independent oil and gas company, have announced that the third well in its current Niger drilling campaign, Kunama-1, was spudded on 21 June 2018. Kunama-1 is located on the R3 portion of the R3/R4 PSC Area in the Agadem Basin, south east Niger.
The contract is valid for three years, with two additional one-year options (3+1+1).
At this stage, the mill will support Tenaris’s ramp up of seamless activity in the US with the heat treatment and finishing of pipe products.
The Norwegian Petroleum Directorate has granted Spirit Energy Norge AS a drilling permit for well 7322/7-1, cf. Section 15 of the Resource Management Regulations.
The Norwegian Petroleum Directorate has granted Aker BP ASA a drilling permit for wells 25/10-16 S, 25/10-16 A and 25/10-16 B, cf. Section 15 of the Resource Management Regulations.
International Frontier Resources Corporation (IFR) joint venture Tonalli Energia, in partnership with Mexican petrochemical leader Grupo IDESA, announced that service equipment is being mobilised for stimulation and production testing after successfully receiving a perforation permit for the TEC-10 well.
The BaraOmni™ hybrid separation system is a new separation technology that removes ultra-fine low gravity solids (LGS), resulting in better performing, longer lasting fluid systems to help operators reduce costs.
VAALCO Energy, Inc. have announced that the workover operations on the Avouma 2H well are complete and replacement of the Electrical Submersible Pump (ESP) system was conducted safely and efficiently with no injuries or environmental incidents.
Tap Oil Limited (Tap Oil or the Company) provides the following update on drilling activities at the Manora Oil Field in the G1/48 concession, located in the Gulf of Thailand (Tap Oil 30% interest). Mubadala Petroleum (Thailand) Ltd is the operator of the G1/48 concession.
Diamond Offshore Drilling have extended the exclusive license for Trelleborg’s offshore operation to this patented technology until 2029.
Marketed utilisation rates would also rebound to 89% by 2020, surpassing rates seen during the heydays before the downturn.
The Norwegian Petroleum Directorate has granted A/S Norske Shell a drilling permit for well 6304/3-1, cf. Section 15 of the Resource Management Regulations.