Drilling & production

The Uaken 1 exploration well in the Fell block in Chile has been drilled and completed to a total of 3658 ft.

The company are to provide pre-lay mooring products and services to the Deepsea Bergen semisubermersible drilling rig on the Norwegian Continental Shelf.

In 2017, the company's average oil production in Brazil has grown by 0.4% and the average natural gas production has reached a volume 0.9% higher than in 2016.

The partnership are working towards developing technology that allows for through-tubing cement evaluation prior to the arrival of a costly rig or workover unit.

Scottish-American software and energy company Ziyen Inc., which has operations in Aberdeen and Inverness, has announced it has secured a further two major oil contracts in the Illinois Basin, USA.

The contracts have been awarded by the Azerbaijan International Oil Company for Azeri Central East Project.

The operation has encountered gas in good-quality Toro and Digimu sands.

This is the second well to be drilled within the licence area.

TAG Oil and its joint venture partner (Melbana Energy – 30% WI) have begun operations on the Pukatea-1 exploration well.

The contract has been awarded to Alcatel Submarine Networks for permanent reservoir monitoring (PRM) on the Johan Sverdrup field.

The decision authorises the construction of a floating production, storage and offloading (FPSO) vessel, the first new manned installation for Shell in the northern North Sea in almost 30 years.

The consideration for the transactions amounts to US$1.95 billion, including closing adjustments.

Early production from the Catcher field in the North Sea is expected to be approximately 10 000 bpd.

It is introducing over 180 additional part numbers in outer diameters from 1 to 12 in.

The ONZ-7 well is the fifth well in the Company's nine well campaign.