Upstream drilling news

33 rigs were placed at their respective monsoon locations before the onset of the seasonal adverse weather conditions.

The technology aims to reduce uncertainty and saves rig time by enabling operators to accurately position packers, perforating guns and the bottomhole assembly without running wireline or moving the work string.

Norway's Petroleum Safety Authority has given Neptune Energy consent to use the facility for production drilling for a period of 240 days.

The company's permit for the Beehive prospect has been extended by 12 months to 21 December 2021.

The company recorded a revenue of US$279 million in 1Q20, compared to US$305 million in 4Q19.

Well 6506/11-12 S. will be drilled about 4 kilometres west of the Morvin field.

The Permian Basin has systematically increased its market share in nationwide horizontal oil drilling in the US, reaching 74% as of last week, according to analysis by Rystad Energy of Baker Hughes data.

The company has agreed a contract with Stena Drilling for the provision of an offshore drilling rig, with drilling planned to commence between 15 December 2020 and 1 February 2021.

The rig time was reduced from seven days on a conventionally drilled well to four days using Neodrill's CAN technology.

Shell is the operator of the block with a 45% stake, along with Chevron, also at 45%, and Ecopetrol, with 10%.