Upstream news

A new analysis by the Texas Independent Producers & Royalty Owners Association (TIPRO) indicates the Texas o&G industry had approximately 90 700 job postings so far this year during the months of January and February, of which 15 375 job listings were unique.

The contract covers the delivery and installation of the subsea production system including integrated template structures, manifolds, tie-in and controls equipment.

The company is aiming for a gross initial flow rate of 325 bpd at the well, which would generate a free cash flow of approximately US$3.6 million and payback well costs in less than six months (assuming a price of US$60/bbl Brent)

The company has entered into an agreement with Gabon Oil Company (GOC) for the acquisition of a 10% interest in the Dussafu production sharing contract.

The newly built rig will drill six wells in the Norwegian sector of the North Sea.

Island Offshore and TIOS will continue as supplier of light well intervention services (LWI) for Equinor, with a new agreement signed for the use of Island Wellserver.

The company has commenced its 2019 drilling campaign with the spudding of an exploration well at the Blackrock prospect.

The Oda field is Spirit Energy’s first development as operator on the Norwegian Continental Shelf.

Tata Consultancy Services to help Seadrill adopt the Machine-First™ delivery model and ignio™ to transform its digital infrastructure and meet long-term strategic goals

The solution can be fitted to all Sercel Nomad seismic vibrator trucks and works by optimising a truck’s travel time to the next vibrating point (VP) and reducing baseplate dead time.