Upstream news

Halliburton posted net income attributable to the company of US$236 million, or 26 cents per share, in the 3 months ended 30 September, compared with a loss of US$17 million, or 2 cents per share, last year.

The new technology, operations and commercial Black Hills site has more than 5000 ft2 of office and networking space, a 3500 ft2 laboratory and an 80 000 ft2 production area.

SDX Energy has started a development drilling campaign in the West Gharib concession in Egypt that aims to grow production from c. 2400 bpd to c. 3500 - 4000 bpd by early 2023.

The drilling programme for well 24/12-7 relates to the drilling of a wildcat well in production licence 1041.

The survey will acquire over 6000 km2 of 3D seismic data and be acquired by the Amazon Warrior.

The contract is for the engineering, procurement, construction and installation (EPCI) of end-to-end production solutions for the Sakarya gas field, Turkey’s largest gas reserve.

The Nabors Industries rig reached total depth on a horizontal well for ExxonMobil in the Permian Basin.

TechnipFMC originally acquired an interest in Magma, a provider of composite pipe technology, in 2018.

The Ondjaba-1 well will be drilled at a new world record water depth of 3628 m.

The exploration period for Block 5, as set out in the PSC, will last 6 years, with Staatsolie retaining the right to a 40% participation.