Drilling & production

Aker BP ASA has awarded an agreement to Odfjell Drilling for the lease of the semi-submersible drilling rig Deepsea Stavanger for a period of approximately 9 months, with commencement in February 2018.

Range has entered into a binding sale and purchase agreement to acquire certain producing assets from a wholly owned subsidiary of Trinity Exploration and Production Plc for a cash consideration of US$4.55 million.

The Waitsia-4 appraisal well reached total depth (TD) of 3744 m measured depth below rotary table (MDRT) at 15:30 hours (3.30 pm) AWST on 10 August 2017 and preparations are now being made to commence a wireline logging programme.

Zion Oil & Gas, Inc. continues active drilling operations at its Megiddo-Jezreel #1 well in Israel. The company has reached a depth of approximately 5850 ft (~1785 m) toward a proposed total depth of up to ~15 000 ft.

Comet Ridge Limited has provided an update on the field work presently occurring in and around the Mira production pilot, in the northern central part of the Mahalo Block, approximately 240 km west of Gladstone in central Queensland.

Probe Technologies Holdings, Inc., a supplier of logging and reservoir monitoring technology, has announced that Turnbridge Capital has completed a growth recapitalisation of the company alongside its experienced management team.

The Taq Taq field partners have received a gross payment of US$12.24 million from the Kurdistan Regional Government for oil sales during May 2017.

First gas has been exported from Cygnus Bravo, the satellite wellhead platform in the Southern North Sea’s Cygnus development, operated by ENGIE E&P UK Limited.

Statoil and partners OMV and Petoro have made a small gas discovery in the Gemini North well, northeast of the Wisting discovery in the Barents Sea. The well also proved oil.

PETRONAS’ subsidiary PC Carigali Mexico Operations, S.A. de C.V., has been awarded shallow water Block 6 in the Gulf of Mexico’s Salina Basin.

Publicly traded E&Ps and service companies are entering a Q2 earnings season anticipating a slowdown across the unconventional plays.

McKinsey Energy Insights has released its latest Global Gas Market Outlook, in which the company predicts that natural gas will represent 23% – up from 22% in 2016 – of the global energy mix by 2030.

Premier Oil has provided a progress update on various drilling operations.

The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for well 7435/12-1, cf. Section 8 of the Resource Management Regulations.

Once a production sharing contract for blocks 01 and 02 of the Cuu Long Basin expire, PC Vietnam Limited will hand the blocks over to the host authority.