Drilling & production

Altus Intervention, headquartered in Norway and operating in 11 countries, specialises in fully integrated well intervention solutions, including proprietary technology.

In a statement, Joseph Elkhoury, KCA Deutag's CEO, said the company had suspended all new investments in Russia and is evaluating its options relating to its Russian business.

All three companies have said they will fulfil any existing activity in full compliance with applicable international laws and sanctions.

It is expected that, post-clean up, the MSD-25 infill development well will achieve a stabilised gross production rate of c.300 bpd, which is in line with pre-drill estimates.

The award for cementing services takes the total value of ADNOC’s drilling-related framework agreements and procurement awards since November 2021 to over US$8.5 billion.

The contract, with an unnamed client, could see the harsh environment jack-up rig Maersk Resolve employed in the UK sector of the North Sea for the majority of 2022.

IOG has started up the Elgood and Blythe gas fields in the UK North Sea this week.

The integrated project scope encompasses drilling rigs and technologies and services, including drill bits, measurement while drilling and logging while drilling, drilling fluids, cementing and completing wells.

PTTEP will take over operating the Yadana gas field, offshore Myanmar, following TotalEnergies' decision to withdraw from the project.

Equinor will not enter any new trades or engage in transport of oil and oil products from Russia.

The divested assets primarily comprise non-operated properties across west Texas and southeast New Mexico, with estimated production of approximately 7000 boe/d.

After final commissioning of the Saturn Banks Reception Facilities at the Bacton terminal, backgassing of the pipeline system was successfully completed over the past week.

Halliburton will deploy Energy Stack, its cloud solution that runs on-premise, to manage petrotechnical software applications.

The drilling of the Muzarabani-1 exploration well will involve the Exalo #202 rig, expected to commence mobilisation to the Cabora Bassa project in May.

The transaction includes a 10% share of the Nova field and a total of 11 exploration licences.