Drilling & production

The total amount of the operation is US$ 54.5 million and will be paid on the closing date of the deal.

Transocean Norway Operations AS with the drilling rig Transocean Arctic is awarded the contract to drill production wells at the Dvalin field in the Norwegian Sea.

Bob Ruddiman, Head of Oil and Gas at legal firm Pinsent Masons, welcomed Chancellor Philip Hammond’s Budget concessions on Transferable Tax Histories for North Sea oil and gas operators.

Po Valley Energy Limited (PVE), the Australian ASX listed natural gas company, has announced that it has spudded the Podere Maiar 1 dir well in the former Selva gas field on Tuesday 21 November.

FAR has undertaken a detailed geotechnical evaluation for its two offshore blocks in The Gambia and completed an assessment of hydrocarbon resources.

Western Isles (Dana 77% and Cieco 23%) is now producing from the Harris and Barra oilfields in the Northern North Sea, 160 km east of the Shetlands and 12 km west of the Tern field.

INEOS UK SNS Limited has agreed to take a majority share in two exploration licenses in the Northern Gas Fields West of Shetland which contains the Lyon prospect, from Siccar Point Energy E&P Limited.

Aker BP ASA has entered into two separate alliance agreements, one with Maersk Drilling and Halliburton for Jack-Ups, and one with Odfjell Drilling and Halliburton for semisubmersibles.

Consent has been given to drill exploration well 6506/11-10 in a prospect named Hades & Iris.

Within the partnership, Fotech Solutions will contribute DAS measurement solutions and Sercel will contribute downhole seismic tools & software for subsurface seismic operations.

The specialist well abandonment company has secured a three-year framework agreement with TAQA Bratani Limited for the provision of intervention management services for all their North Sea assets.

MAN Diesel & Turbo has won an order for nine compressor trains from the state-owned Kuwait Oil Co.

Drilling Systems has announced the release of its new ‘On the Rig’ (OTR) portable work-site simulator package.

The US patent for manufacturing controlled rate dissolving materials grants Terves the sole right to develop, manufacture and sell cast, moulded, forged, and extruded dissolvable magnesium materials containing galvanically active insoluble phases.

Mohawk Energy, a developer of expandable tubular technology, and Innova Drilling and Intervention have entered an alliance for the continued development of analysis software for deployment of expandable system.