Drilling & production

Lion has increased interest in South Block A PSC by 5.7% to 40.7%.

The Italian Ministry of Economic Development has formally awarded Po Valley a preliminary Production Concession for the Company’s 47 billion ft3 offshore Teodorico gas field in the northern Adriatic Sea.

Scott Lehmann of Petrotechnics has commented on the Chancellor's budget statement.

The partnership will offer specialised training for oil and gas sector employees at the Rumaila Energy Park (REP) in southern Iraq.

TenarisHydril Blue, Wedge 513 and Wedge 523 connections used to improve operational efficiency in a deepwater exploration well in Vietnam.

The well was drilled about 60 km northeast of the oil and gas discovery 7220/11-1 (Alta) and about 20 km east of 7220/8-1 Johan Castberg.

Statoil has also taken over operatorship of Brazilian offshore licence BM-S-8

The well is anticipated to complete within 12 days.

The new company will manage the operations of five Rowan jack-up rigs currently in Saudi Arabia.

The forum will take place in Dubai next February and includes International EPCs, Drilling Contractors, NOCs and IOCs.

The oil and gas industry is known for being cyclical, however, the current reality of a ‘lower for longer’ oil price has made sanctioning large offshore projects financially unviable.

Drilling in South Central Oklahoma can be tough. TVD’s can be in excess of 16 000 ft, laterals greater than 8000 ft, and total measured depths can exceed 25 000 ft.

Mohammad Sanusi Barkindo, met with IR Iran’s Minister of Petroleum, HE Bijan Namdar Zanganeh, during a closed-door session on November 19 in the capital city of Tehran.

Presentations will include operational highlights in relation to the company's seismic acquisition and drilling plans.