Drilling & production

The project is located in the eastern South China Sea, with an average water depth of about 98 m.

The M4 Inflow Control System technology incorporates an advanced pilot control system that is super sensitive to density, making it suitable for a wide range of oil types, including ultra-light, light, medium, and heavy oils.

CRC Evans has successfully completed its work scope to deliver a range of welding services to support First E&P’s Alpha Project located offshore Nigeria.

The MoU promotes developing new gas infrastructure for Elixir’s Taroom Trough gas resources.

The transaction is expected to close late in 4Q24.

This marks the first project in which OMMICA has delivered solutions to Saudi Arabia.

Perenco Colombia has announced the successful drilling of three new development wells on the Paravare and Chaparrito fields on the plains of Casanare, onshore Colombia.

At this rate, according to Reuters, Sinopec is on track to deliver a target set in 2022 to produce 500 000 t/y in 2025 at Jiyang, which is situated mostly in Shandong province and covers 1.8 million acres.

The platform can produce up to 100 000 bpd of oil in the Espírito Santo portion of the basin.

Baker Hughes said the companies will develop new AI-powered processes and workflows to achieve further optimisation in oil and gas production.

The Chinese state company also recently discovered one of the world’s first large ultra-shallow gas fields in ultra-deep water.

Shelf Drilling Ltd has announced new contracts for two jack-up rigs in Nigeria.

Levels rose by almost 11 million bbl over the last few days, far higher than the previous week.

The oilfield is expected to reach a peak production of approximately 18 800 bpd of crude oil in 2025.

The North African nation has struggled with political instability since the ousting of Muammar Gaddafi in 2011.