Upstream drilling news

Range has entered into a binding sale and purchase agreement to acquire certain producing assets from a wholly owned subsidiary of Trinity Exploration and Production Plc for a cash consideration of US$4.55 million.

The Waitsia-4 appraisal well reached total depth (TD) of 3744 m measured depth below rotary table (MDRT) at 15:30 hours (3.30 pm) AWST on 10 August 2017 and preparations are now being made to commence a wireline logging programme.

Zion Oil & Gas, Inc. continues active drilling operations at its Megiddo-Jezreel #1 well in Israel. The company has reached a depth of approximately 5850 ft (~1785 m) toward a proposed total depth of up to ~15 000 ft.

Premier Oil has provided a progress update on various drilling operations.

The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for well 7435/12-1, cf. Section 8 of the Resource Management Regulations.

The Norwegian Petroleum Directorate has granted Aker BP ASA a drilling permit for well 25/4-11, a wildcat well in production licence 677.

Two Merlin ERD engineers have received Drilling Engineering Awards from The Society of Petroleum Engineers, recognising their drilling expertise.

Faroe Petroleum has announced the conditional acquisition of a further 13.9935% interest in the Blane Field in the UK North Sea from JX Nippon Exploration and Production (UK) Limited for a total consideration of US$5.25 million.

Statoil and its partners have started production on the Byrding field as planned. Recoverable volumes in Byrding are estimated at a good 11 million boe.

SPX FLOW and WTE Wajdi Group have signed a joint venture agreement to establish a mechanical equipment service centre to serve oilfields in Southern Iraq.