Upstream drilling news

Lundin Petroleum AB has announced that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has completed the Edvard Grieg Southwest appraisal well 16/1-27.

Oil prices are unlikely to rebound significantly from current levels, with a glut of supply and increasingly advanced methods of extraction set to keep the commodity’s price lower for longer, according to Stephen Jones, CIO at Kames Capital.

Lamprell, a provider of fabrication, engineering and contracting services to the energy industry, is pleased to announce the completion of the 'Shelf Drilling Krathong' jackup drilling rig and its delivery to Shelf Drilling Ltd.

Norwegian authorities have approved the PDO of the Trestakk discovery on the Halten Bank in the Norwegian Sea. Investments are calculated at NOK 5.5 billion, almost half of the original estimate.

Sercel has launched Sentinel HR, a high-resolution solid streamer designed to meet the specific imaging needs of shallow-target applications.

LGO has confirmed that well GY-683 was spudded on Friday 31 March 2017 with Rig#18 at the Goudron Field in eastern Trinidad. The well is currently drilling ahead at a depth in excess of 350 ft.

Eco (Atlantic) Oil & Gas Ltd has noted the announcement made overnight by ExxonMobil Corporation in relation to another new oil discovery in Guyana on its Snoek Oil Prospect.

According to a recent Wood Mackenzie report, a leaner and more cost-competitive deepwater industry is emerging from the downturn, with the most attractive projects now competing with US tight oil plays.

Wintershall Norge AS is the operator of the Maria field, an oil and gas field at Haltenbanken in the Norwegian Sea, around 230 km from the Trøndelag coast.

Statoil Petroleum AS, operator of Gimle Unit and production licence 193, has completed the drilling of wildcat well 34/10-55 S.