Drilling & production

The company has signed an agreement to acquire the semi-submersible drilling rig Leo from Aquadrill LLC for a total consideration of US$14 million.

Expected recoverable reserves in Yme are estimated to be approximately 10 million standard cubic meters of oil – or 63 million barrels.

Fenja is scheduled to come online in the first half of 2023 and will produce approximately 28 000 boe/d at plateau.

The Gamba well DTM-7H has been successfully brought online, while the DTM-6H well in the Dentale formation is scheduled to come onstream in the coming days.

Halliburton posted net income attributable to the company of US$236 million, or 26 cents per share, in the 3 months ended 30 September, compared with a loss of US$17 million, or 2 cents per share, last year.

The new technology, operations and commercial Black Hills site has more than 5000 ft2 of office and networking space, a 3500 ft2 laboratory and an 80 000 ft2 production area.

SDX Energy has started a development drilling campaign in the West Gharib concession in Egypt that aims to grow production from c. 2400 bpd to c. 3500 - 4000 bpd by early 2023.

The Nabors Industries rig reached total depth on a horizontal well for ExxonMobil in the Permian Basin.

The Ondjaba-1 well will be drilled at a new world record water depth of 3628 m.

Valaris upgraded the vessel’s electrical system to secure the notation, which recognises sophisticated system design to improve reliability and enhance protection.

The Evelyn field is expected to be on production, via the Triton FPSO, in 4Q22.

According to GlobalData, the merger adds significant oil production for Woodside and will ultimately lead to a more carbon-intensive product base over the near term.

The companies will collaborate to drive industry standardisation and sustainable development, as Russia’s energy sector seeks to encourage industry participation by international companies in its drive to expand at home and abroad.

The updated resource estimate of approximately 10 billion boe includes another significant discovery on the Stabroek block at the Cataback well.

Over 200 000 MT of oil production equipment was carried through the Russian Inland Water System to the Tengiz field in Kazakhstan.