Drilling & production

A global oil producer has kicked off initial five well campaign.

NEL, the flow measurement R&D specialist, is the first laboratory in the world to invest in 2D flow visualisation technology, as part of its continual programme to deliver industry-leading test facilities.

Sec PV-10 value more than doubled to US$22.5 million while forward strip based PV-10 value was US$39.93

Targa will manage the construction of LM4 and will operate the plant. Hess Midstream’s 50% interest in the joint venture will be held through Hess TGP Operations LP, in which Hess Midstream owns a 20% controlling economic interest.

Iraq’s oil minister said that the country would follow the rest of OPEC in reducing output despite Baghdad’s attempts to increase oil export capacity.

Independent global completions service company Tendeka has completed field testing of its wireless intelligent completions technology, PulseEight.

Rose Petroleum plc has now completed the initial structural interpretation of the 3D seismic data it acquired over its Gunnison Valley Unit which is part of its larger lease holding in the Paradox Basin, Utah, USA.

Enpro Subsea has secured investment from EV Private Equity (EV) to grow its production optimisation business into new and existing international markets and further develop its range of production optimisation and intervention technologies.

Over US$83.1 billion in capital expenditure will be spent over the lifetime of the top 10 onshore oil projects to produce 9.7 billion bbls of crude oil, according to GlobalData, a leading data and analytics company.

Confidence within the oil and gas industries has surged after a difficult three years, according to a survey by DNV GL.

The no cost option agreement to farm into offshore Block 49/29c UK Licence P2264 contains the Acle prospect, which is jointly owned by Swift Exploration Limited and Stelinmatvic Industries Ltd.

The company have announced their intention to initiate the permitting process for three new wells in the Permian Basin, accelerating their original plans to develop the areas assets.

Operators have benefited from enhanced valve resilience in hostile P&A environments

"Santos is now a stronger, more resilient company with the capacity to execute and bring on-line growth opportunities across its core long-life natural gas assets." - CEO, Kevin Gallagher.

The International Marine Contractors Association’s (IMCA) Capt Andy Goldsmith, Technical Adviser – Marine, will be speaking on crucial aspects of Dynamic Positioning (DP) at the European DP Conference in London on 6 February.