Upstream drilling news
Canadian Fort Hills project reaches first oil
Total announces that the Fort Hills oil sands project located in Alberta, Canada, 90 km north of Fort McMurray, has achieved first oil and production is expected to ramp up over the next few months.
Total announces major deepwater discovery In the Gulf of Mexico
Total announces a major oil discovery in the Ballymore prospect, located deep offshore in the U.S. Gulf of Mexico (Eastern GoM). The well was drilled to a final depth of 8898 m and encountered 205 m of net oil pay in a high quality Norphlet reservoir.
Rystad Energy: Top 33 shale oil producers need extra US$8.3 billion to balance 2018 cash flows at US$60 WTI
These companies represent 61% of US shale oil production in 2018 and were chosen for their focus on oil output.
Jersey Oil & Gas confirms summer follow-up drilling plans for Verbier discovery
At least one well will be drilled to follow-up and appraise the Verbier oil discovery this year.
Third successful well result on the SM 71 development
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.
Powerwave-driven well stimulations commence in Colombia
A global oil producer has kicked off initial five well campaign.
Tendeka undertakes field trial for industry’s first cloud connected wireless intelligent completion system
Independent global completions service company Tendeka has completed field testing of its wireless intelligent completions technology, PulseEight.
Rose Petroleum plc: multiple drilling targets identified by 3D seismic data
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.
Mexico to auction 29 deep-sea exploration zones on 31 January
Pemex, ExxonMobil, Shell are among the drillers contemplating bids.
Top 10 onshore oil projects to add over 1.1 million bpd by 2025, says GlobalData
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.