Upstream drilling news

The breakthrough will boost the gas reserves and production efficiency in the Puguang area as well as contribute to the development of ultra-deep shale gas in the Sichuan Basin.

Merakes East is located in a water depth of 1600 m, approximately 10 km east of the Merakes Field. It is tied back via a subsea connection to the Jangkrik Floating Production Unit (FPU) operated by Eni, situated around 50 km away.

ABS issued an approval in principle to SBM Offshore for its concept of a near zero floating production storage and offloading (FPSO) unit.

Wood has announced a trio of reimbursable contract extensions worth US$118 million to continue to deliver operations and maintenance solutions for Shell UK, Dana Petroleum and CNOOC International’s UK business.

ABS, a provider of classification services for marine and offshore assets, and Akselos S.A., a provider of structural performance management software, have announced a deepening of their cooperation with the joint completion of technical assessment for structural digital twin technology.

Valaris Limited has announced that it has agreed to sell a jackup rig to BW Energy (BWE) for cash proceeds of approximately US$108 million.

3t Drilling Systems signs long-term contract to redesign and develop IADC’s accredited online learning platform, KREW.

Management estimates indicate 56 million barrels oil in place of which approximately 25 million barrels are considered recoverable.

Crescent Energy Company has announced the closing of the sale of non-operated Permian Basin assets to a private buyer for US$83 million in cash, subject to customary post-closing purchase price adjustments. The assets are located in Reeves County, Texas and had projected full-year 2025 production of approximately 3 thousand boe/d (~35% oil).

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