Upstream drilling news

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

The initial phase of the deepwater project consists to two development wells in Keathley Canyon 829 and a six mile subsea tieback to the Lucius plat form at Keathley Canyon 875.

Drilling leases for vertical and horizontal wells have been completed and the Ensign 965 Drill Rig has begun to arrive at PEL96 of the Southern Cooper Basin.

The ONZ-7 well was drilled to a total depth of 1167 m with five m of net conventional natural gas pay in the Hoot formation. The well came in on prognosis but reservoir quality exceeded initial expectations, encountering porosity in the pay section of 35.3%.

The Belgravia prospect lies within the north westerly graticular block of the WA-155-P(1) permit, adjacent to the Swell-1 exploration well.

The mobilisation of this drilling rig is in order to further energy development in Colombia.