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The merger of offshore drillers Ensco and Rowan will result in the world’s largest jackup contractor with a combined enterprise value of $12 billion.
Digital technologies, including running a virtual startup, look set to save 40 days from the run-up to first gas processing on Equinor’s Aasta Hansteen development.
A new crop of startups hopes to revive the seismic acquisition industry.
Brazil’s 5th presalt production sharing round, held 10 days before the country’s upcoming presidential elections which outcome is unpredictable, attracted several oil majors.
Synchronization of systems offers automation capabilities.
Systems provide field measurements of drilling riser and wellhead stress in real time.
Hammerhead-1, which is located about 21 km (13 miles) southwest of the Liza-1 well, hit about 60 m (197 ft) of high-quality, oil-bearing sandstone reservoir, the company says.
For mature offshore facilities, adding or even increasing water treatment and injection facilities can prove difficult, due to space or weight constraints, and may also be prohibitively expensive.
The Guyana-Suriname Basin has an estimated resource potential of more than 13 billion barrels of oil, according to the U.S. Geological Survey.
Kosmos CEO Andrew Inglis said he believes a huge opportunity has opened in the U.S. Gulf of Mexico as many competitors leave the region for onshore shale.
Digital proponents promote industrywide adoption of digital technologies.
A company realized that some 50% of the country’s well inventory was idle, so it set out to arrest Malaysia’s production decline rate.