Union Jack Oil announces 1H19 results
The company's management’s has said that the Biscathorpe-2 well, which was drilled by Union Jack earlier this year, remains one of the UK’s largest onshore unappraised conventional hydrocarbon targets.
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The company's management’s has said that the Biscathorpe-2 well, which was drilled by Union Jack earlier this year, remains one of the UK’s largest onshore unappraised conventional hydrocarbon targets.
The Norwegian contractor, who demonstrated and implemented a best practice CMS covering operations on one of its North Sea assets, achieved the accreditation in under four months.
Drilling of the Etame 9P appraisal wellbore is expected to take approximately four weeks, after which the company will commence drilling the Etame 9H development well targeting the Gamba reservoir.
The Africa-focused oil and gas company has released its interim results for the six months ended 30 June 2019.
Drilling Systems has launched a new licence-based pricing model which will cut the overall cost of entry level simulator technology by more than half.
The company has upgraded its full year oil production guidance to 21 000 – 23 000 bpd from 19 000 – 22 000 bpd.
The deepening of well C-37 has identified three untapped oil-bearing clastic layers forming a total net pay zone of approximately 16 m.
The move follows recent investment in the company from a US-based private equity firm.
The well, offshore the Shetland Islands, UK, was shut-in yesterday to enable a planned pressure build-up test.
Analysis of the wireline logs acquired during drilling of the well supports the interpretation of a 77 m gross interval of potential oil reservoir.
A one-hour cut was achieved by the HyPR HoleSaver after a major operator became stuck around 13 000 ft due to heavy losses.
The company has received a firm Letter of Award for the high-specification jack-up drilling unit Energy Emerger.