Upstream news

Graham Mackrell, managing director of Harmonic Drive UK, looks at the technological challenges and how high precision gearing is being increasingly used to drill deeper.

As part of the agreement, Equinor will provide industry knowledge and business needs to support Microsoft in developing new solutions for the industry.

Lundin Petroleum AB has announced that its wholly owned subsidiary Lundin Norway AS has been awarded three exploration licences in the 24th licensing round in Norway. All of the licences are located in the southern Barents Sea with one of the licences operated by Lundin Norway.

The Norwegian Petroleum Directorate has granted A/S Norske Shell a drilling permit for well 6304/3-1, cf. Section 15 of the Resource Management Regulations.

Aker Solutions accelerates its digitalisation efforts by moving its internal SAP applications to SAP's cloud, aiming to improve operations and drive efficiency.

The US has added close to 50 billion bbls over the last year and now holds an estimated 310 billion bbls of recoverable oil with current technologies, equal to 79 years of US oil production at present output levels.

Akofs Offshore has been awarded a contract for light well intervention services using the Akofs Seafarer vessel for all Equinor-operated licences in the period 2020 to 2025.

The multi-phase work programme, consisting of workover, new drill and pressure maintenance operations, is focused on increasing production and proving up substantial reserves at Zink Ranch that are believed by the Company to be economically recoverable.

‘Our license to operate: breaking through to excellence’ will form the theme of the biennial conference and exhibition which will take place in Aberdeen from 3 - 6 September 2019.

This partnership aims to significantly improve operational efficiencies and reduce well costs over the life of the project through a holistic and collaborative development approach.