Upstream drilling news

At least one well will be drilled to follow-up and appraise the Verbier oil discovery this year.

The well reached a total depth of 7717 ft MD in 22 days and ahead of schedule. First production from all three wells is expected March 2018.

A global oil producer has kicked off initial five well campaign.

Independent global completions service company Tendeka has completed field testing of its wireless intelligent completions technology, PulseEight.

Rose Petroleum plc has now completed the initial structural interpretation of the 3D seismic data it acquired over its Gunnison Valley Unit which is part of its larger lease holding in the Paradox Basin, Utah, USA.

Pemex, ExxonMobil, Shell are among the drillers contemplating bids.

Over US$83.1 billion in capital expenditure will be spent over the lifetime of the top 10 onshore oil projects to produce 9.7 billion bbls of crude oil, according to GlobalData, a leading data and analytics company.

The company have announced their intention to initiate the permitting process for three new wells in the Permian Basin, accelerating their original plans to develop the areas assets.

Heerema Fabrication Group has been awarded an Engineering, Procurement, Construction and Installation contract for the Q10-A unmanned offshore platform.

Operators have benefited from enhanced valve resilience in hostile P&A environments