Drilling & production

This development supports Aramco’s strategy to increase gas production by more than half, over 2021 levels, through 2030, subject to domestic demand.

The company has announced that it has won orders for premium oil country tubular goods (OCTG) from Aramco.

The company’s latest report, ‘Oil and Gas Industry Contracts Analytics by Sector, Region, Planned and Awarded Contracts and Top Contractors, Q3 2023,’ reveals that the overall contract value decreased from US$57.4 billion in Q2 2023 to US$42.6 billion in Q3 2023.

This production sharing agreement is part of the company’s vision to strengthen the energy autonomy of Côte d'Ivoire and the West African sub-region.

The companies have announced the discovery of a total of 114 ft (35 m) of net pay at the Wei-1 well on the Corentyne block, approximately 200 km offshore from Georgetown, Guyana.

On Thursday 02 November, Aker BP and Aibel celebrated the first steel cut for the Munin platform in Thailand.

In 2022, annual production of associated-dissolved natural gas (or associated natural gas) increased 9% in the major US onshore crude oil-producing regions, mostly due to an 8% increase in crude oil production.

M&P have announced the signing of a set of agreements with PdVSA for the immediate restart of the activity of M&P’s mixed company in Venezuela

The company has signed an agreement with Spirit Energy to add a well from the Appleton field to the existing scope of the Well-Safe Defender semi-submersible rig.

Kenera has secured a contract to deliver five top drives and five iron roughnecks to Arabian Drilling for new build rigs to operate on a major project in Saudi Arabia.

On 01 November 2023, Pauline Innes, Director of Supply Chain and Decommissioning at the NSTA, wrote to licensees reminding them of their obligation to decommission wells in a timely manner.

The companies have announced a strategic collaboration that combines two technology sets to provide customers with innovative deepwater managed pressure drilling (MPD) solutions.

Kosmos Energy Ltd has announced that it has increased its working interest to 90% and assumed operatorship, subject to customary government approvals, of the world-scale Yakaar-Teranga gas discoveries offshore Senegal.

The company has started production from the Seagull oil and gas field in the UK North Sea, helping to boost energy supplies, and supporting the supply chain and jobs.

The company has discovered oil and gas in exploration well 30/6-C-2 A (Lambda), about 4 km west of the Oseberg field in the North Sea.