Upstream news

The Subsea & Drilling Brazil conference will take place from 28 – 29 November in Rio de Janeiro.

The company undertook the work for LLOG Exploration using its smart skid technology.

The oilfield procurement firm has been awarded its first contract with Petrofac in the UK as well as two major contracts with Spirit Energy and BP.

The Irish Government has confirmed that its proposals ‘will relate to future applications’ and that ‘existing licences will remain valid’.

The contracts are to support Total E&P South Africa's operations in Block 11B/12B and the drilling programme is expected to take up to 280 days.

As CT scanning provides a non-intrusive inspection method, all assets will remain operational throughout each project.

The agreement entails using the Weatherford Magnus® rotary steerable system in both re-entry wells and new wells.

The contract covers an area of 1600km2 for 3D seismic with associated 2D work to be executed over a 1.5-month period from end 3Q19 for the undisclosed client.

The JV will pursue acquisitions of producing oil and gas assets across the Permian Basin where Henry Resources has operated for over 50 years.

The total estimated future costs associated with the delivery and placing the drillships into service would have been approximately US$1.1 billion.