Upstream drilling news

The Vali-1 ST1 gas exploration well operated by Vintage Energy is being drilled through the Patchawarra Formation in Australia at a measured depth of 3059 m.

Glass has over 20 years’ experience as both an executive director and as an independent non-executive director of international companies.

Lekoil 310 Limited, a wholly owned subsidiary of LEKOIL, has entered into a binding loan agreement with the Qatar Investment Authority, the sovereign wealth fund of Qatar, in the amount of US$184.0 million.

With the successful Serenity discovery and remaining potential at Liberator, the company has begun planning a mid-2020, multi-well appraisal programme and is simultaneously conducting a farm-down process of its licences to potentially fund the 2020 drilling campaign.

The contract work includes drilling operations, work-over campaigns, P&A activities and all preventative and corrective maintenance of ConocoPhillips’ drilling facilities on three offshore platforms in the Greater Ekofisk Area.

The contract for the semi-submersible rig Maersk Discoverer has an estimated duration of 322 days and is expected to commence in July 2020.

The company expects to complete and test the Cascadura-1ST1 well, located in the Ortoire exploration block, in 1Q20.

The project is located in the Gulf of Thailand and comprises a new bridge-linked wellhead platform structure along with the retrofitting of extension structures to the existing platforms.

Three appraisal wells drilled this year, GTA-1, Yakaar-2 and Orca-1, targeted a total of nine hydrocarbon-bearing zones. The wells encountered gas in high quality reservoirs in all nine zones.

The contract is expected to commence in 2Q20 and will contribute approximately US$91 million of contract backlog, excluding mobilisation reimbursement.