Upstream drilling news

The extension, in which SDX has a 50% working interest, includes a commitment, irrespective of Brent price, to drill six development wells by 31 December 2022 and one water injection well.

The company will be owned 50-50 by Baker Hughes and Akastor and will be managed from current offices in Houston, Texas, US, and Kristiansand, Norway.

Projects were concentrated in Russia and Uzbekistan and the Group drilled 1.33 million m (2019: 1.37 million m). Similarly, the number of wells drilled was almost identical - 344 (2019: 350).

The SABER Tool uses internally directed pressure differentials to steer from the drill bit face, delivering true 'at-bit' geosteering.

The Neptune-operated Dugong discovery, in Production Licence 882, was one of the largest discoveries on the Norwegian Continental Shelf in 2020.

The first scope of a five-year contract will see TWMA provide drilling waste management services on the harsh-environment jack-up rig Maersk Resolve as Spirit Energy drills the Grove North East well in the Southern Sector of the North Sea.

Gjøa P1 is a two well development in the Norwegian sector of the North Sea with one oil and one gas producer.

The agreement will increase Neptune’s existing interests in the Adorf, Apeldorn and Ringe gas fields and in the Adorf-Scheerhorn, Georgsdorf and Ringe oilfields.

The contract relates to Carnarvon's Buffalo project offshore Timor-Leste, where the objective is to drill the Buffalo-10 well in the second half of 2021.

The partnership will offer the owners of oil and gas discoveries near Repsol Sinopec’s existing North Sea infrastructure hubs an integrated, technically robust and commercially flexible solution to meet their near to mid-term development objectives.