Upstream drilling news

Transocean Ltd. has announced that it has completed the previously disclosed transaction to sell its jackup fleet to Borr Drilling Limited for a total consideration of approximately US$1.35 billion.

Cooper Energy has announced that Callawonga-18, an appraisal and development well drilled by the PEL 92 Joint Venture in PPL 220, is being cased and suspended as a future oil producer.

Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, is pleased to provide the following update on drilling activities in the CPO-5 contract in Colombia.

Cementing of the 4.5 in. liner in the production hole section (through the HRZ) was completed without incident.

Faroe Petroleum has announced the commencement of the Faroe-operated Brasse appraisal well 31/7-2S in the Norwegian North Sea (Faroe 50%).

TAG Oil Ltd. has announced the successful drilling and flow testing of the Cheal-E8 exploration well, which will now be tied-in to TAG Oil’s existing infrastructure as a permanent producer.

The Waitsia-3 well will be drilled to a planned maximum total depth of 3706 m MDRT and is forecast to take approximately seven weeks in total to complete.

Premier has announced that the Zama-1 exploration well in Block 7 (Premier equity 25%) in the shallow water Sureste Basin, offshore Mexico, was spudded at 0630 on 21 May 2017.

The global land drilling rig market has been through a tough downturn characterised by an inward focus through the supply chain on survival.

The rig was named Heydar Aliyev at a ceremony in Azerbaijan by the President of Azerbaijan, Ilham Aliyev.