Upstream drilling news

DST2 was performed over a 12 m interval from 2834 m in the upper portion of the Lower Tsagaantsav Formation. The zone flowed oil and some associated gas to surface without the need for any artificial lift.

The company has announced 3Q19 sales and revenues of US$12.8 billion, a 6% decrease compared with US$13.5 billion in 3Q18. The decrease has been attributed to a US$1.2 billion movement in dealers’ inventories.

Wilson Energy Services will pay Range a total cash consideration of US$3.6 million upon completion of the transaction.

The well is located in Armour’s 100% owned PL227, part of the company’s Kincora Project on the Roma Shelf in south west Queensland, Australia.

Since its last report Transocean has added approximately US$75 million in contract backlog, bringing total backlog to US$10.8 billion.

The Etame field offshore Gabon was successfully drilled to a total depth of 10 260 ft and encountered both Gamba and Dentale oil sands.

Maersk Viking will be employed by the POSCO International Corporation, a Korean operator, for a three-well campaign offshore Myanmar.

The online assessment has been designed to reinforce the competency of roustabouts.

Rystad Energy says it is anticipating around 30 to 50 exploration wells will be drilled per year towards 2023.

The agreement entails a new GustoMSC drilling jack-up design which will utilise the modern manufacturing capabilities currently planned for at IMI.