Upstream news

Petrofac will provide a five-year framework for Well Management and Well Operator support for 27 wells across the Affleck, Balloch, Dumbarton, Lochranza and Finlaggan fields located in the Central North Sea, UK.

Deployed to support a major Saudi operator, the expandable technology was brought in when water ingress on a producing well led to decreased oil recovery.

Vår Energi and Lundin Energy Norway have joined Shearwater and Equinor to accelerate the development and commercialisation of a sustainable marine vibratory source technology.

The contract covers flexible and rigid pipe, umbilicals, pipeline end terminals, rigid jumpers, umbilical termination assemblies and a mooring system.

Halliburton has reported an adjusted net income of US$320 million in 4Q21, double that from a year earlier, prompting the oilfield services company to lift its dividend following a rebound in crude and natural gas prices.

Wireline logging operations have been completed on the well, with the oil column deemed to be residual and uncommercial.

The Theta West #1 well on Alaska's North Slope is targeting two primary targets which combined are estimated by the company to contain 12.1 billion barrels of oil in place with an estimated 1.4 billion barrels of recoverable resource.

The contract, which is worth US$$300 000 (£225 000), is expected to take between four and six months and is scheduled to be completed in 1Q22.

Nexstep, the Dutch National Platform for Re-use & Decommissioning, says it is the first time that wells from this many different operators will be removed together in one campaign.

Fugro has been contracted to support installation of an anchoring system for the FPSO vessel Sepetiba.