Drilling & production

Seatrium to propel offshore innovation with first turnkey FPSO delivery to Petrobras.

Perenco has announced the completion of the acquisition of the Greater Angostura producing oil and gas assets and associated production facilities from Woodside Energy in Trinidad & Tobago. The finalisation of the deal, combined with Perenco’s existing operation of the Teak, Samaan and Poui (TSP) and Cashima, Amherstia, Flamboyant and Immortelle (CAFI) fields, aligns Perenco as a major oil and gas producer in country.

The agreement is to acquire a 60% working interest (paying 80%) in the Sark well, planned to be drilled early 3Q25, located in Central Oklahoma, US.

Expro to deliver advanced tubular running and cementing services for Woodside’s first ultra-deepwater development offshore Mexico.

The primary objective of the CM-1 workover is to restore oil and associated gas production from the Mt. Messenger sands and to remove flow restriction from sand production identified during prior operations.

The agreement provides a framework for bp to assess a range of technical data and to effectively work with NOC to evaluate presented opportunities and determine the feasibility of future development and exploration programmes.

Vallourec, a company specialising in seamless tubular solutions, has secured two contracts to supply Oil Country Tubular Goods (OCTG) to support the drilling operations of CNOOC and PetroChina in Iraq. These contracts carry potential revenue of over US$130 million.

Designed for manual rig environments, the technology is already making an impact in North Latin America – with potential to enhance safety across global land rigs where modern systems are still catching up.

Shelf Drilling, Ltd has announced that it has received a three-year contract award for the J.T. Angel jack-up rig with Oil and Natural Gas Corp. (ONGC) for operations in the Mumbai High, offshore India.

The newly installed equipment and facilities are working well and continue to be fine-tuned to optimise production.

Versalis, Eni’s chemical company, has announced that, as of 1 July 2025, it has transferred its Oilfield Chemicals business unit into the newly established company Versalis Oilfield Solutions S.r.l.

This is ADNOC Drilling's fifth major and accretive contract in just over 2 months totalling up to US$4.8 billion.

With Neotork, operators and directional drilling companies can achieve significant cost savings and improve operations, especially in increasingly challenging environments.

Under the contract, Velesto will assign NAGA 5, one of its premium jack-up rigs, to drill a firm 15 wells with operations scheduled to commence in June 2025.

The project includes new subsea infrastructure that will increase recoverable volumes by 40 – 50 million bbl of oil equivalent.