Upstream drilling news
Wärtsilä and Maersk Drilling create a joint 25 year strategy for thruster services
The technology group Wärtsilä and the global drilling contractor Maersk Drilling have joined forces in a unique co-operation to create a 25 year thruster maintenance strategy for Maersk’s three semi-submersible rigs and four drillships.
Total, Borealis and NOVA Chemicals sign definitive agreements to form a joint venture in petrochemicals
Total S.A. (Total), Borealis AG (Borealis) and NOVA Chemicals Corporation (NOVA Chemicals) have announced that affiliates of the three companies have signed definitive agreements to form a joint venture in petrochemicals on the U.S. Gulf Coast.
Frontera Resources: T-45 update
T-45, the first well of current three well drilling programme at the Taribani Complex of Block 12 in Georgia, has now been drilled to a target depth of 2700 m, in the Eldari Formation.
Welch Permian Basin Project update: positive results from Welch Horizontal Well Study
Mosman identified the development potential would be to drill horizontal wells which it expected would increase both Reserves and production.
Aker BP announce exploration success in PL340 near Alvheim
Aker BP is about to complete drilling of the Frosk exploration well 24/9-12 located near Alvheim in the North Sea. The well has proved oil. Preliminary analysis indicate a discovery size of 30 - 60 million boe, which is significantly more than the company’s pre-drill estimates of 3 - 21 million boe.
ADNOC signs new offshore concession agreement with Cepsa
On behalf of the Abu Dhabi Government, the Abu Dhabi National Oil Company (ADNOC) signed an agreement with Cepsa, a Spanish integrated oil and gas company, awarding it a 20% stake in Abu Dhabi’s offshore SARB and Umm Lulu concession.
NOVATEK wins bid for the gas assets of ALROSA
PAO NOVATEK (NOVATEK) won the open auction to acquire a 100% stake in Maretiom Investments Limited and 100% of Velarion Investments Limited from ALROSA.
Atlas Professionals launches Drilling Assessment
New drilling assessment for Atlas clients within OPITO Skills Screening tool.
Zion Oil and Gas encounters oil
Zion Oil & Gas, Inc. announces that during the current open hole wireline logging and subsequent reaming (cleaning the well bore) operations, Zion encountered free-flowing hydrocarbons while circulating drilling mud.
TAG Oil updates Pukatea-1 exploration well
TAG Oil Ltd. has provided a positive update on its Pukatea-1 exploration well, which was spudded on January 24, 2018. The Pukatea-1 well is located in TAG Oil’s operated Puka permit (PEP 51135, 70% TAG Oil) in the Taranaki Basin of New Zealand.