U.K.-based Wood Group was given a major boost with the recent award by U.S. player Noble Energy Inc. of a FEED and detailed design contract for a fixed platform on the Leviathan gas field development offshore Israel.
The subsalt Miocene project is another sign of how operators are relying on subsea tiebacks to reduce both costs and startup times.
Devon is conducting a series of well-spacing pilot tests in preparation for its 2017 game plan to drill the Meramec.
The total oil in place in the Upper Portland pay has increased from 7.7 MMbbl per square mile to 22.9 MMbbl per square mile.
Even though well completions in the Anadarko Basin fell during the first half of the year, Midcon operators have still remained active in the Stack, Scoop and Cleveland Sand plays.
Pre-downturn sanctioned projects are expected to grow offshore production next year, but the cancellation of pre-FID projects could create a ‘supply crunch’ later, report says.
Pricing remains steady and bid inquiries are up for Midcon workover services. Demand was actually on the cusp of increasing in the second quarter until weather interrupted field work.