Halliburton releases new high torque, high flow drilling motor
The NitroForce drilling motor provides increased power and performance to complete longer laterals faster and with greater control.
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The NitroForce drilling motor provides increased power and performance to complete longer laterals faster and with greater control.
Drilling at the BMK-1 well has encountered commercial quantities of gas in both target horizons.
The company will handover its Contract Rehabilitation Area (CRA) in Azerbaijan, currently producing 180 bpd, to SOCAR.
The co-created roadmap will enable the conversion of prior agreed concessions into production sharing agreements under the provisions of the country's Petroleum Law.
The execution of the contract extension will enable Frontera to undertake a workover and well service programme which is expected to return production levels at Block 192 near 8500 bpd in the coming weeks.
The contract has an estimated duration of 21 days and is expected to commence in March 2020, in direct continuation of the rig’s current contract.
The sale of non-core assets is part of a attempt by the government of Angola to privatise key state assets including parts of Sonangol itself by 2022.
The onshore acquisition currently produces at a rate of approximately 700 bpd, generating gross annual revenues of approximately US$15 million.
The acquisition includes a 22% non-operating interest in the producing Abu Sennan concession, onshore Egypt.
Ecopetrol drilled 20 wells in 2019, with a 40% success rate.
The additional oil production was delivered through infill drilling projects carried out as part of an aggressive production enhancement programme.
Shell launched a process at the end of November 2019 to sell its onshore upstream assets in the Western Desert to focus on expanding its Egyptian offshore gas exploration.