Archive for the ‘Drilling Operations’ Category
DNO plans 20 Kurdistan wells, acquires Faroe
February 7th, 2019 by Latest News
DNO ASA, Oslo, plans to drill as many as 20 exploration and production wells in the Kurdistan region of Iraq this year as it expands in Norway through acquisition. Spending more than 40% above the 2018 level of $300 million, the company will drill 14 w…
The US drilling rig count is down 14 units to 1,045 rigs working for the week ended Feb. 1, according to Baker Hughes data. The count is up 99 units from the 946 rigs working this time a year ago. A total of 1,025 units were drilling on land, 13 fewer …
Deteriorating investor confidence “weighs heavily” on the drilling industry in Canada, according to the Petroleum Services Association of Canada (PSAC). In the first update of its 2019 drilling forecast, the trade group lowered its forecast for wells d…
Lundin granted Barents Sea drilling permit
January 29th, 2019 by Latest News
Lundin Norway AS has been granted a drilling permit by the Norwegian Petroleum Directorate for well 16/1-31 S in production license 338 in the Barents Sea.
The US drilling rig count is up 9 units to 1,059 rigs working for the week ended Jan. 25, according to Baker Hughes data. The count is up 112 units from the 947 rigs working this time a year ago.
Oil Search Ltd., Sydney and Port Moresby, has again expanded its acreage position on the Alaskan North Slope (ANS) by exercising an option to acquire 50% interest in 120 leases immediately east of its Hue shale blocks, which lie southeast of Prudhoe Ba…
The Texas Petro Index declined in November and December 2018 on the heels of 23 straight months of growth, in response to dramatic declines in crude oil prices in the last 2 months of the year. Posted prices for West Texas Intermediate crude declined f…
Lukoil’s fourth Eridu well confirms model
January 24th, 2019 by Latest News
Lukoil said testing of its fourth well in Eridu oil field on Block 10 in southern Iraq confirmed the geologic model. The discovery well, Eridu 1, flowed on test during early 2017 at more than 8,000 b/d of oil from the Middle Cretaceous Mishrif formation.
ONGC lets rig contract to Shelf Drilling
January 24th, 2019 by Latest News
India’s Oil & Natural Gas Corp. (ONGC) has let a 3-year contract to Shelf Drilling Ltd., Dubai, for use of the Ron Tappmeyer jack up drilling rig in Mumbai High, offshore India. The oil field lies 150 km offshore Mumbai in 70 m of water.
CNOOC Ltd. will steadily increase its oil and natural gas reserves and production this year with plans to drill 173 exploration wells, acquire 29,000 sq km of 3D seismic data, and put six new projects onstream.