Drilling & production

A sustained low oil price environment is a challenging one, with ‘survival of the fittest’ being an undeniable reality of the sector.

The fleet utilisation rate in the third quarter of 2016 was 52%.

The Alinta Energy agreement is the third supply agreement announced by Cooper Energy in the past 14 months.

Mangala EOR alone crosses 300 million bbls of cumulative production.

Results show lower activity across all segments.

Marine and offshore engineering consultancy Aqualis Offshore has been awarded contracts to provide marine warranty services to three different FPSO projects in Brazil.

Following the launch of DNV GL’s service specification for Functional Safety Certification, the company has issued its first Functional Safety Certificate against DNVGL-SE-0141 to Rockwell Automation Ltd.

Services will include platform technology studies; safety studies; marine verification; and warranty surveys.

The successful test highlights the prospectivity of the Bedout basin.

The company has announced its plan to open a new European service support centre, located in Newcastle upon Tyne, UK to deliver greater service value for clients and support anticipated growth.

The Tigana 4 development well has been tested at a rate over 3200 bpd in the Tigana oilfield.

Condor Petroleum Inc has announced that commercial oil production has commenced at the Taskuduk oilfield in Kazakhstan.

Mobilisation of the Caroil#2 rig from the Ntorya-1 wellsite is now underway.

In addition, the scope of work includes connecting the Johan Sverdrup oil pipeline to the existing storage caverns at the Mongstad terminal.

The well has now been secured with a blowout preventer around the drill string.