Drilling & production

Phase 1 of the Herschel Expansion project comprises development of a new subsea production system and the first of up to three wells tied to the Na Kika platform.

The new system, specifically designed for horizontal wells, provides asset teams with more realistic flow modelling and accurate continuous flow profiles in a wide variety of completion and reservoir settings, including fractured formations.

The awarded workscopes cover diving support vessel services, helicopter services and general inspection activities.

ADNOC Drilling, Weatherford, Halliburton and Schlumberger were the winners of the contracts from ADNOC.

Located in Lusignan, over US$$20 million has been invested into the infrastructure by Orinduik, Windsor and 3t EnerMech.

The new multimodal supercentre has been built together with Baker Hughes’ existing completion warehouse and liquid mud and completion fluids plant, providing full support to customers in Guyana and Suriname.

Production at the Liza Unity FPSO vessel is expected to reach its target of 220 000 barrels of oil later this year.

In 4Q21, the oil and gas industry saw an increase of 77% in overall contract value.

Petrofac has been awarded two new contracts with Cairn Oil & Gas, Vedanta Ltd.

Drilling is expected to commence within the next week after allowing for towing and set up.

Rami Khrais, Oil & Gas Analyst at GlobalData, has said that the project will be one of the largest oil developments seen in Africa over the last 20 years, expecting to recover over 1.5 billion barrels of oil.

The extended contract covers 2 drilling rigs, 13 workover units and 13 pulling units on Pan American’s Cerro Dragon field in the Golfo San Jorge basin in southern Argentina.

This increase in the EIA’s forecast of crude oil production is largely based on their interpretation of the January 2022 OPEC+ meeting, when participants reaffirmed their decision to continue to increase output by 0.4 million bpd each month until all of the production cuts are reversed.

BCCK, along with its sister company NG Resources, will design and build the facility.

Woodside has operated in Myanmar since 2013, conducting multiple exploration and drilling campaigns.