Upstream drilling news

The Railroad Commission of Texas issued a total of 732 original drilling permits in April 2021 compared to 456 in April 2020.

The drilling programme for well 25/8-21 S relates to the drilling of an appraisal well in production licence 820 S.

The 6-1 well, spudded by Reconnaissance Energy Africa, is designed to evaluate the petroleum systems discovered in the first well (6-2) in an area of maximum thickness.

Drilling of the Hibiscus Extension appraisal well in the Dussafu Marin offshore licence in Gabon encountered water rather than hydrocarbons.

The company is making design and location arrangements for the first exploration well, which will ascertain the production potential of the licence in Ras Al Khaimah Emirate where PGNiG operates.

COSL will be the exclusive provider of semi-submersible drilling rigs for OKEA’s Norwegian Continental Shelf operations.

Valaris has eliminated US$7.1 billion of debt and secured a US$520 million capital injection.

The first phase of the company's Morocco drilling campaign will consist of three appraisal/development wells, targeting an estimated total of 1.3 billion ft3 of P90/1.8 billion ft3 of P50, gross unrisked prospective recoverable resources in the Gharb Basin.

The Uaru-2 discovery will add to the gross discovered recoverable resource estimate for the block, which is currently estimated to be approximately 9 billion oil-equivalent barrels.

The total contract value is contingent on the final investment decision for the Bacalhau field, offshore Brazil.