Upstream drilling news

The Stega™ drill bit has an efficient layout design that optimises the placement of back-up cutters to improve bit durability without decreasing drilling efficiency or rate of penetration (ROP).

IKM Subsea Singapore signed a contract with PTTEPI for their appraisal campaign offshore in Myanmar.

Rose Petroleum plc has announced that it has increased its land position in the Paradox Basin, Utah, USA.

Carnarvon Petroleum Limited has provided the following update on its near-term drilling programme as advised by the operator, Quadrant Energy.

Faroe Petroleum has announced significant discoveries in both the Hades and Iris prospects in licence PL 644 B (Faroe 20%), located in the Norwegian Sea.

The contract is for the provision of drilling operations, maintenance services and engineering support for the Oseberg and Kvitebjørn fields.

Siccar Point Energy announced that on 28 March 2018, a sale and purchase agreement was signed with Shell UK Limited under which Shell will acquire a 30% non-operated working interest in UKCS licences P1028 and P1189 and a 22.5% non-operated working interest in P1830.

Egdon Resources plc has signed a Farm-out Agreement in respect of a further 5% interest in PEDL253 with Humber Oil & Gas Limited (“Humber”, a private company) under the same terms as the farm-out previously announced on 5 and 20 March.

Rowan Companies plc has announced that the Rowan Viking, an N-Class ultra-harsh environment jack-up rig, has been awarded a five well programme by Shell UK Limited for plugging and abandonment work on the Goldeneye platform in the Central North Sea. 

OMV (Norge) AS completes the drilling of the Hades and Iris exploration well 6506/11-10 in PL 644 B.