Chevron Sanctions Ballymore Project in Deepwater US Gulf of Mexico
Low-cost tieback expected to add up to 75 000 bbl per day of oil production.
Browse the latest upstream drilling news news and articles.
Low-cost tieback expected to add up to 75 000 bbl per day of oil production.
Neptune Energy Norge AS, operator of production licence 153, has concluded the drilling of appraisal wells 35/9-16 S and 35/9-16 A on oil and gas discovery 35/9-3 (Hamlet).
Commercial discovery made by the Athena exploration well, Block 12, in the A, B and C sands.
The licences contain two firm wells on the Oswig and Velocette prospects anticipated to drill in the summer 2022 and 2Q23 respectively. All the licences are operated by OMV which will retain a 40% working interest post-transaction.
The companies have signed a MoU for transfer of the Krafla operatorship from Equinor to Aker BP, making Aker BP the operator of all discoveries in the NOAKA area.
The companies have signed a legally binding sale and purchase agreement with Angola’s state-owned oil company for a total consideration of US$335.5 million.
The rig acquisition is expected to create around 100 jobs in a variety of onshore and offshore roles.
MacGregor, part of Cargotec, has secured a contract with Otto Candies to deliver an active heave compensated FibreTrac offshore crane.
The company has secured a major cornerstone investment from Helmerich & Payne, one of North America’s largest land drilling solutions providers.
Work is continuing to confirm potential recoverable resources, but Neptune’s preliminary estimate is 8-24 million boe.
Upwing Energy will introduce its new comprehensive integrated End2End (E2E) service boosting production and recoverability in conventional gas wells at the 2022 Offshore Technology Conference (OTC).
1Q22 safety results show a stable trend in the number of serious incidents and with regards to personal injuries. No incidents with major accident potential have been recorded during the first quarter.