Upstream drilling news

Impact Oil & Gas Ltd has announced that its wholly-owned subsidiary, Impact Africa Ltd, has entered into an agreement with Silver Wave Energy to acquire its entire interest (10%) in Area 2, offshore South Africa.

Pantheon Resources has announced that it has executed a rig contract to secure the use of the Nabors 105AC rig to drill the Megrez-1 well in Q424.

Buru Energy has announced that it has executed a letter of intent with Silver City Drilling (SCD) for the provision of Rig 24 to conduct the planned two well drilling campaign in the onshore Canning Basin of Western Australia.

Borr Drilling has announced new contract commitments for three of its premium jack-up rigs, the ‘Arabia I’, the ‘Gunnlod’ and the ‘Norve’.

KCA Deutag and Helmerich & Payne has announced a definitive agreement under which KCA Deutag will be acquired by H&P for US$1.9725 billion in cash.

Valaris has announced that it has been awarded a multi-year contract with Equinor Energy do Brasil Ltda., a subsidiary of Equinor, for drillship VALARIS DS-17.

Vallourec has announced that it has been awarded a contract by TotalEnergies to supply almost 5000 t of OCTG solutions and associated services for the Kaminho deepwater project on Block 20, 100 km off the coast of Angola.

Fishbones has signed contracts for deliveries of Fishbones stimulation technologies with two major national Middle East operators. Contract values are estimated to exceed a total of US$15 million.

Zephyr Energy has announced the commencement of the well production test on the State 36-2R LNW-CC well at the Company's flagship project in the Paradox Basin, Utah.

Eni has announced a new discovery on the Yopaat-1 EXP exploration well in Block 9, approximately 63 km off the coast in the mid-deep water of the Cuenca Salina in the Sureste Basin, offshore Mexico.