Drilling & production

Well management, production optimisation, well integrity studies, carbon capture storage well design and rig-less intervention solutions form the core of the recent work awarded.

The loss includes impairment charges totalling US$567.1 million in respect of the Lancaster field, West of Shetland, and the company’s exploration assets and an associated deferred tax write-off of US$54.2 million.

The assets being sold consist of 50% of Central’s interests in its producing assets in the Northern Territory: Mereenie Oil and Gas Field, Palm Valley Gas Field, and Dingo Gas Field.

The programme comprises three production wells and will develop additional natural gas and liquids reserves, extending the life of the Bayu-Undan field as well as production from the offshore facilities and the Darwin LNG plant.

The company, founded in 2015, is believed to be close to appointing JP Morgan to explore a listing or sale to a rival.

Bahamas Petroleum has changed its name to Challenger Energy Group.

Cummins is offering a new Tier 4 final QSK50 Drilling Power Module with two ratings at 1200 rpm and two additional ratings at 1800 rpm.

The new company would be supported by Eni and BP and would be expected to be self-funded.

Banks working on an initial public offering of ADNOC Drilling are scheduling calls with a local, regional and international institutional investors to sound out appetite for the potential sale, according to unnamed sources.

The transaction is part of OMV Petrom’s strategy to focus its regional expansion towards the Black Sea area.

The MoU also includes possible cooperation within greenhouse gas emissions and carbon management.

Sonadrill has secured a twelve well contract with one option for nine wells and eleven one well options in Angola for the Sonangol Quenguela drillship.

The El Bibane and Robbana concessions are located in Tunisia.

Shaun Brady, Wood Mackenzie, has said Australia's latest Budget demonstrates the government's commitment to a gas-fired recovery.

Total has added the drilling of one additional appraisal well in Suriname’s Block 58 to the work scope of the semi-submersible rig Mærsk Developer.