Upstream news

New drilling assessment for Atlas clients within OPITO Skills Screening tool.

The contract was awarded by Duqm Refinery and Petrochemical Industries Company L.L.C, a Joint Venture between the Oman Oil Company (OOC), the national oil company, and Kuwait Petroleum International (KPI).

The spin-off transaction is on track for completion in May of 2018, subject to the satisfaction or waiver of certain customary conditions.

To execute the campaign, HydraWell will utilise its HydraHemeraTM Perf, Wash and Cement (PWC®) jetting system, which can install a rock-to-rock barrier in two days.

ProSep, an industry-leading technology and service provider for integrated process solutions, announced today it will supply three ProSalt™ units to Statoil Petroleum (Statoil) for the Johan Castberg field development project, located on the Norwegian continental shelf in the Barents Sea.

Lee Hulllman will serve as vice president of business development assisting in the company’s overall strategic planning and initiatives.

Recent developments bring new capabilities within each individual solution while offering increasingly integrated workflows from geology and geophysics to reservoir engineering.

The system treats to 4 ppmw with no volume loss, no chemical contamination and no emissions.

Project Icewine Operations Update 3D seismic acquisition has commenced across the Western Margin of the Project Icewine acreage, located on the North Slope of Alaska. The 3D seismic will firm up drilling candidates identified on conventional prospectivity from interpretation of ~2350 line km of modern (88E, 2016) and reprocessed 2D seismic data.

The board of directors is undertaking a strategic review of the company’s assets, with a view to rationalising any non-core assets and focussing on a production orientated portfolio of projects. The results of this work are expected in early March, 2018.