Upstream drilling news

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.

Aker BP has received consent to use Mærsk Invincible for plugging wells at Valhall.

Looking at the recent evolution of oil production in the Lower 48 states (excl. Gulf of Mexico), Rystad Energy observes a continuous expansion, with a 430 000 bpd growth from December 2016 to May 2017.