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Author Archives: Eva Vigh

NOV develops 140-ksi, sour gas-resistant coiled tubing

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National Oilwell Varco (NOV) recently developed 140-ksi specified minimum yield strength (SMYS) coiled tubing, or CT140. Because the target market for high-strength tubing is high-pressure well intervention and completions, sour gas compatibility testing was performed. The testing program verified that while using chemical inhibitors, the tubing/inhibitor system was not susceptible to sulfide stress cracking. In this video from the 2017 SPE/ICoTA Coiled Tubing and Well Intervention Conference in Houston on 21 March, Kevin Elliot, NOV Product Engineering Manager, discusses the development process that was undertaken, as well as the resulting mechanical properties and fatigue life of CT140. For more information about this project, please see SPE 184806, “Development and Compatibility Testing of Coiled Tubing With 140-ksi Specified Minimum Yield Strength.”

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Newfield’s oil well breaks record 24-hour peak, 20-day average oil production rates

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Newfield Exploration Company‘s new, industry-leading STACK (Oklahoma’s Sooner Trend oilfield, Anadarko Basin, and Canadian and Kingfisher counties) well recently achieved record oil production, according to the company’s recently disclosed results. Newfield has also raised expectations for its first quarter 2017 domestic production. The Burgess well (4,859 ft lateral length), located in Kingfisher County, Oklahoma and the heart of the company’s 300,000 net STACK acres, achieved a 24-hour flow rate of 2,931 barrel of oil equivalent per day (BOEPD) (69% oil) and a 20-day average rate of 2,492 BOEPD (70% oil). When compared against publicly available industry data, the Burgess achieved record 24-hour oil production per 1,000 ft of gross perforated interval (1,000 ft GPI), or 417 barrels of oil per 1,000 ft GPI. The well ...

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First oil flows from the Flyndre field

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Production has begun from the Maersk Oil-operated Flyndre field in the UK and Norwegian North Sea. First oil began to flow on 26 March, traveling 25 km via pipeline to the Repsol Sinopec-operated Clyde platform. Production from the Flyndre field is expected to peak at 10,000 barrels of oil per day, with the field expected to produce until at least 2023. As well as today’s new production, Maersk Oil continues to focus on the North Sea region, where it is delivering value from a substantial producing asset base and major new developments such as the Maersk Oil-operated Culzean field on the UK Continental Shelf and the company’s stake in Norway’s Statoil-operated Johan Sverdrup field. Gretchen Watkins, Maersk Oil CEO, said, ...

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Maersk Drilling secures contract for jackup Maersk Gallant

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Maersk Drilling has been awarded a contract for the harsh environment jackup rig Mærsk Gallant, following a competitive tendering exercise by Nexen Petroleum UK Limited, a wholly owned subsidiary of China National Offshore Oil Corporation Limited. The contract covers the drilling of the High-pressure, High-temperature (HPHT) exploration Glengorm well, in the UK sector of the North Sea. The contract duration is estimated for 140 days and is expected to commence in the third quarter of 2017. “I am glad to announce that Maersk Drilling has been able to secure a new contract for the jackup rig, Mærsk Gallant. Despite the current market downturn, Maersk Drilling has secured three new contracts in the past four months,”said Michael Reimer Mortensen, Vice President ...

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Keppel signs Heads of Agreement with Borr Drilling for Transocean Rigs

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Five jackup rigs currently being built by Keppel FELS Limited (Keppel FELS) for Transocean will be novated to Borr Drilling Limited of Bermuda (Borr Drilling), due to a recently signed Heads of Agreement. The transaction between Keppel FELS, a wholly-owned subsidiary of Keppel Offshore & Marine Limited (Keppel O&M), and Borr Drilling was approved by Transocean, and is subject to all three parties executing definitive agreements and satisfying formal closing conditions. The transaction is expected to be completed by the end of May 2017. In 2013, Transocean ordered five KFELS Super B Class jackup rigs from Keppel FELS for US $1.1 billion, and made a 20% down payment. Under the new agreement, Borr Drilling will take over the contracts and ...

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Chris Ong named CEO of Keppel O&M

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After 36 years of service with the company, Chow Yew Yuen, CEO of Keppel Offshore & Marine Ltd (Keppel O&M), will retire on 31 March 2017. Chris Ong, Managing Director of Keppel FELS Limited, was appointed Acting CEO, beginning 1 April 2017. Loh Chin Hua, CEO of Keppel Corporation and Chairman of Keppel O&M, said, “Chris is part of the talent pool that we have been nurturing for leadership succession at Keppel O&M. He has been with the Keppel Group for 17 years, and has contributed significantly to building Keppel FELS into the global leader in the offshore business that it is today. On behalf of the Board of Keppel O&M, I welcome Chris into his new role. I am ...

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$11.6 billion budget requested for US Department of Interior

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US Secretary of the Interior Ryan Zinke has announced President Donald Trump’s $11.6 billion Fiscal Year (FY) 2018 budget blueprint request for the Department of the Interior (DOI). The budget meets the department’s core mission while also saving taxpayers $1.5 billion, or 12% reduction, from the FY 2017 Annualized Continuing Resolution level, according to the DOI. The president’s budget blueprint prioritizes strengthening America’s energy security by increasing funding for programs that support responsible development of oil, natural gas, coal and renewable energy on public lands and offshore waters. The blueprint also sustains funding for the DOI’s collection and disbursement of roughly $10 billion annually for mineral development, an important source of revenue to the Treasury, states and Indian mineral owners. ...

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Lyndol Dew named Chairman of Well Control Institute

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Lyndol Dew of Diamond Offshore Drilling has been named as the new Chairman of the Well Control Institute (WCI). Mr Dew was confirmed as Chairman at the IADC Executive Committee meeting on 16 March in The Hague, The Netherlands. Mr Dew is Senior Vice President of Special Projects and Strategic Initiatives for Diamond Offshore. He graduated from Florida State University in 1976 and received his Master of Engineering from Tulane University in 1982. Mr Dew served in the US Navy as a Surface Warfare Officer for six years. He has subsequently worked in various domestic and international positions for Diamond Offshore, on rigs and shore-based, for the past 32 years. Mr Dew is a Charter member of the Board of ...

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Gender diversity session focuses on setting inclusion goals, moving from talk to action

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Women have traditionally been underrepresented in the oil and gas industry, but many companies and individuals are now working to change that. Increasing the number of women in the industry’s workforce starts with attracting and hiring women into the industry. However, the industry often does a poor job of selling itself and its benefits to women, said Katie Mehnert, Founder and CEO of Pink Petro, an organization that aims to increase gender diversity in the oil and gas industry. Ms Mehnert participated in a panel session on gender diversity at the 2017 SPE/IADC Drilling Conference in The Hague, The Netherlands, on 15 March. In this video from the conference, she explains some of the barriers women still face in the ...

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