Upstream drilling news

Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, is has announced that the Saipem 12000, a sixth generation ultra-deepwater drillship, has commenced its mobilisation to drill the RD-1 well on the Rabat Deep Permits in Morocco.

FAR Ltd has signed a Farm-out Agreement (FOA) with a subsidiary of Petroliam Nasional Berhad (PETRONAS) to assign a 40% interest in each of the highly prospective offshore petroleum licences, Blocks A2 and A5 in The Gambia. FAR is to retain a 40% interest in each of the licences.

Comet Ridge Limited has provided an operational update on the progress of the Mira pilot scheme, establishing it as the best performing gas well in Central Queensland’s Mahalo Block. 

Vryhof Business Deep Sea Mooring (DSM) to provide mooring equipment and design sevices; quality of personnel a key factor in Maersk drilling decision.

Borr Drilling announced its intention to acquire Paragon Offshore after inking a binding tender agreement to purchase all outstanding shares for US$232.5 million.

SK Innovation announced on 21 February 2018 that it made oil discovery in the PRMB block 17/03 in the South China Sea.

President Energy the upstream oil and gas company focused primarily in Argentina, reports recorded record results in January with each concession making good returns and contributing profits.

Dril-Quip, Inc. have announced that Dril-Quip Asia Pacific Pte Ltd, its wholly-owned subsidiary based in Singapore, has been awarded a contract to supply top tensioned riser (TTR) systems and related services for the development of  the Ca Rong Do Project located offshore Vietnam operated by Repsolwith the participation of Mubadala, PVEP and PetroVietnam. 

Gross production increased in the current quarter to over 1000 million ft3/d.

Noble Energy, Inc. announced total proved reserves of 1.965 billion boe as of December 31, 2017, a net increase of 528 million boe versus year-end 2016.