Sierra Leone announces re-opening of 4th licensing round
The Petroleum Directorate of Sierra Leone, in partnership with GeoPartners and Getech, have announced the re-opening of the 4th licensing round as of 21 May 2019.
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The Petroleum Directorate of Sierra Leone, in partnership with GeoPartners and Getech, have announced the re-opening of the 4th licensing round as of 21 May 2019.
The partnerships are with drilling and FPSO operators with worldwide assets.
S-Cube says that its XWI algorithm has the predictive power to match rock measurements pre-drilling with up to 90% accuracy.
According to Westwood's 'State of Exploration' report, exploration drilling increased by nearly 30% in 2018 compared to 2017 but performance was down, with fewer big discoveries and a lower commercial success rate.
The development project is targeting 30 million boe of gas condensate reserves from two subsea production wells in the UK Central North Sea.
Commencement of the contract, to support Wintershall DEA's West Mira drilling campaign in the Norwegian Sea, will take place in August/September 2019.
The Rehman field is located on the border of the Sindh and Baluchistan provinces, in the southern part of Pakistan.
The contract relates to the company's recently acquired jack-up rig, Shelf Drilling Achiever.
Construction of the company’s second well in the D41 offshore field in the Baltic Sea was completed earlier this month.
Data shows that marketed utilisation for some rig types in some regions are nearing 85-90%.
The company recorded revenue of US$147.2 million and Adjusted EBITDA of US$49.4 million in 1Q19.
The new discovery, in Block 15/06, is estimated to contain up to 250 million bbls of light oil in place.