WoodMac comment: Chevron confirms Tengizchevroil costs overrun
Ashley Sherman, principal analyst, Caspian upstream reflects on Chevron's confirmed cost increases and delays.
Browse the latest upstream drilling news news and articles.
Ashley Sherman, principal analyst, Caspian upstream reflects on Chevron's confirmed cost increases and delays.
Eric Lookofsky and Matt Miller, Newpark Drilling Fluids, USA, discuss how key facility investments have aided the development of drilling, completion and stimulation products.
The contract is with Serica Energy and is expected to commence in 4Q20.
The company's HyPR™ stuck pipe solution was used to cut drill-strings at four sites in the Middle East.
Of the 38 global oil and gas discoveries made in 3Q19, six were located in Norway.
During operations to recover a failed packer, the well started flowing natural gas to surface. For safety reasons, the well was immediately shut in.
The exploration target of the Alom-1 well on Block 9 was to prove hydrocarbons in stacked Pleistocene targets. The objectives were found to be dry and the well will now be permanently plugged and abandoned.
Located approximately 125 km offshore Mauritania, the Orca-1 well exceeded pre-drill expectations encountering 36 m of net gas pay.
Prior to the drilling of well 6506/11-11 S, the operator’s resource estimate for the discovery was between 3 and 21 million m3 of recoverable oil equivalents.
DST2 was performed over a 12 m interval from 2834 m in the upper portion of the Lower Tsagaantsav Formation. The zone flowed oil and some associated gas to surface without the need for any artificial lift.
The company has announced 3Q19 sales and revenues of US$12.8 billion, a 6% decrease compared with US$13.5 billion in 3Q18. The decrease has been attributed to a US$1.2 billion movement in dealers’ inventories.
Wilson Energy Services will pay Range a total cash consideration of US$3.6 million upon completion of the transaction.