Drilling & production

Peak Well Systems is a specialist in the design and development of advanced downhole tools for well intervention.

Peak Well Systems’ SIMULTRA retrievable bridge plug has received a V0 certification at 10 000 psi.

Husky Energy is to sell 65% of its ownership interest in select midstream assets in the Lloydminster region of Alberta and Saskatchewan to Cheung Kong Infrastructure Holdings Ltd and Power Assets Holdings Ltd.

Torchlight Energy Resources Inc. has announced that drilling has commenced on the next well in the Orogrande Project, the University Founders B-19 #1.

Ocean Rig UDW Inc. has announced that one of its subsidiaries has acquired the 6th generation ultra deepwater drillship Cerrado.

CNOOC Ltd has announced that the Panyu 11-5 oilfield has commenced production.

The contract, valued at approximately £3 million, will secure jobs for more than 9 people over the next three years.

The partnership will involve deepening their working relationship globally and an increased focus on providing best practice resources.

The organisation has published two new documents to aid in countering condition monitoring challenges.

Douglas-Westwood look ahead and examine the likely state of the oil price next year.

Subsea 7 S.A. has announced the award of a sizeable engineering, procurement, installation and commissioning (EPIC) contract by Apache North Sea.

At full rate production, the facility is designed to produce up to 10 000 bpd of natural gas condensate and 200 million ft3 of recycled gas.

Precision Drilling Corp. has appointed Carey Ford as Senior Vice President and Chief Financial Officer and Veronica Foley as Senior Vice President, General Counsel and Corporate Secretary.

Providence Resources has provided a technical update on its Exploration Collaboration Project with Schlumberger.

Bowleven has announced that it has been awarded a 1 year extension to the existing Bomono exploration licence, onshore Cameroon, pending the final award of an Exploitation Authorisation (EA).