Drilling & production

Carnarvon Petroleum Limited has provided the following update on the commencement of drilling at the Phoenix South-3 well as advised by the operator, Quadrant Energy.

Union Jack Oil plc, a UK-focused onshore hydrocarbon production, development and exploration company has announced positive initial production results from the recent well workover programme.

Mohd. Mansour Esreb, based in Doha, Qatar will work with READ to drive new business opportunities and support the company’s valued existing relationships in the region.

Gardner Denver’s newest facility will be fully stocked with aftermarket drilling supplies, including consumables and modules, 24/7 field service and customer support.

Oil Plus Ltd, a specialist global oil and gas consultancy has secured contracts worth more than US$1.5 million over the past three months and has significantly expanded its footprint in the Middle East.

Petróleo Brasileiro S.A.’s (Petrobras) liquids production is expected to grow to 2.7 million bpd by 2021.

Aker BP ASA, operator of production licence 790, has concluded the drilling of wildcat well 34/2-5 S. The well is dry.

Unit costs up 2% whilst operating cashflow rebounds and balance sheets strengthen.

The major workover programme follows the success of the four well workover programme conducted in Q4 2017

The well was drilled to the depth of 710 m RT (below Rotary Table) and surface casing was run and cemented to 708 m RT.

The contract is for the provision of drilling operations, maintenance services and engineering support for the Oseberg and Kvitebjørn fields.

Echo Energy plc, the Latin American focused upstream oil and gas company, has announced gas to surface on the first well of our three well workover campaign at the Company's Fracción D asset, onshore Argentina.

Managed Pressure Drilling (MPD) is an adaptive drilling process that allows greater control of the annular pressure profile throughout the wellbore.

The collapse of the Venezuelan economy has been fed by a continuing drop in crude oil production. The country’s annual production has gone from an estimated 2.86 million bpd in 2010 to 2.07 million bpd in 2017.

Lundin Petroleum AB (Lundin Petroleum) has announced that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has commenced drilling well 7220/11-5 on the Alta discovery in PL609 in the southern Barents Sea. Following drilling, the well will be used for extended well testing.