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Author Archives: Jay Stracke

National Oilwell Varco to outfit Equinor offshore drilling rig fleet with wired drillpipe

National Oilwell Varco (NOV) has announced the signing of a frame agreement with Equinor for the provision of IntelliServ Wired Drillpipe to outfit their global fleet of offshore drilling rigs. This agreement is based on the success of recent field deployments of version two of Wired Drillpipe that have demonstrated the value of high-speed telemetry in multiple applications across their fleet of working rigs. The initial agreement is for three and a half years with five, two-year extensions. “We are delighted to see accelerated adoption of NOV’s proprietary Wired Drillpipe in the global drilling market,” Clay Williams, Chairman, President and CEO of NOV, said. “As the industry places further emphasis on drilling automation and optimization, high-speed telemetry, which allows data to be ...

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North Sea operator speeds up P&A campaign by running Churchill’s Mud Shear Sub

Churchill Drilling Tools, a leading oilfield service company specializing in drilling innovation, has revealed that one of its specialist tools, the Mud Shear Sub, significantly improved the mud conditioning process for a major North Sea operator during a recent P&A campaign; so much so the operator began subsequent retrieval operations ahead of schedule. Saving an average of one hour for every 1,000 bbl of mud sheared, the operator using the Mud Shear Sub introduced an additional shearing point to the circulating system across three separate wells. This sped up fluid conditioning, displacing sea water to jetting fluid, before conditioning mud through the tool. Historically, the operator had spent significant time displacing the wells to jetting fluids and so were looking for ...

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3T Energy Group opens new China office

3T Energy Group has opened a new China office after winning several new contracts in the territory for its training and technology solutions, which are helping the energy sector work safer, smarter and more efficiently. The new office, which is located in TEDA, Tianjin, in the heart of the Chinese oil and gas industry, will become a base for 3T Energy Group to service its customers in the region and to build further new relationships across China.    Over the past 12 months, 3T Energy Group has been working with some of China’s largest oil and gas companies to drive continuous improvement and greater efficiencies.  As well as helping with the adoption of internationally recognized training standards and accreditations, 3T ...

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DEA to acquire Sierra Oil & Gas in Mexico, including stake in world class Zama discovery

DEA Deutsche Erdoel AG (DEA) has signed an agreement to acquire Sierra Oil & Gas, a leading independent Mexican oil and gas company. Sierra holds interests in a portfolio of six exploration and appraisal blocks in Mexico, including the world-class Zama discovery. The transaction is an important milestone in DEA’s international growth strategy, fulfilling DEA’s objective of building a significant portfolio in the Mexican upstream market. DEA will add Sierra’s acreage to its existing portfolio of operated production and exploration blocks to become one of the country’s largest acreage holders. Once completed, it will be the largest upstream M&A transaction in the country since the liberalization of the petroleum sector in 2013. “The acquisition of Sierra will allow DEA to achieve ...

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Apache achieves first oil at Garten Development

Apache Corporation has announced it has initiated production from its Garten development on Block 9/18a Area-W in the United Kingdom sector of the North Sea. The discovery well, which is located six km south of the Beryl Alpha Platform, was placed on production in late November, less than eight months after being drilled in March 2018. The discovery well at Garten encountered a downthrown structural closure with 778 ft of net oil pay in stacked, high-quality, Jurassic-aged sandstone reservoirs. The well is currently producing from the Beryl sand at a rate of 13.7 thousand BOE/d and 15.7 million cu ft of gas per day. Two lower zones were also successfully tested, and all three zones will ultimately be commingled to maximize recovery. The strong initial rate ...

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Maersk Drilling and Seapulse enter alliance to execute global exploration drilling program

Maersk Drilling and Seapulse have signed a master alliance agreement (MAA) under which Maersk Drilling will provide fully integrated services, including provision of drilling rigs, related drilling services, well services, and other goods and services, for a global offshore oil & gas exploration drilling program of 12 wells. The program is expected to commence in the middle of 2019 with an expected duration of 490 days. The program spans shallow water and deepwater wells in several regions requiring a combination of jackups, semi-submersibles, and drillships. The specific rigs to be deployed during the course of the program will be determined on basis of rig suitability and availability. The fully integrated services will be provided on the basis of market rates with an incentive payment scheme ...

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Deep Casing Tools launches unique technology to market

Following a rigorous research and development program, Aberdeen-headquartered casing and completion technology business, Deep Casing Tools, has launched a completely new, unique tool to the well construction market. The mechanically lockable Drill Pipe Swivel has been developed, tested and brought to market by the firm’s in-house engineering team. Using their extensive industry knowledge and experience, the team have created a unique and innovative tool which addresses the challenges inherent in landing completions and liners at target depth. The patent pending tool has been robustly tested across a range of settings and circumstances. In addition to life and workshop testing, the Drill Pipe Swivel has also been tested in tension, under compression, and under a severe dogleg, and for extended periods of time. Throughout this process, the ...

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Industry bullishness needs tempering despite rising dayrates for harsh environment floating drilling rigs

Fueled by increasing dayrates and growing global demand growth for harsh environment semi-submersible offshore drilling rigs, some industry leaders are extremely bullish on future demand for these semis, but the market is far from achieving full utilization and growth expectations need to be tempered, according to new analysis from IHS Markit, a leading global source of critical information and insight. According to the IHS Markit Floating Rig Report and IHS Petrodata RigPoint database, average new fixture dayrates for all floating rigs climbed by 12% year-over-year through September 2018, and the average expected annual growth in global demand for the floating rigs is 7% through 2022, but the floater market utilization (which includes all semi-submersibles and drill ships) is far from ...

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AFGlobal completes field evaluation of DuraStim pump

AFGlobal has announced the successful completion of its field evaluation of the DuraStim pump in the Permian Basin. The company’s new patented pressure pumping technology offers end users tremendous advantages over traditional fracking technology and those offered by other electric and turbine based systems. The trial, which began last month, followed five years of stringent design and engineering, and significant in-house testing to prove out suitability for actual pressure pumping operations. Designed by AFGlobal’s Pressure Pumping Technologies group, the DuraStim frac pump at 6000 horsepower, offers the equivalent of three times the effective horsepower of a conventional frac unit, while operating at approximately 10% of the cyclic rate. The DuraStim pump offers many advantages, including more than a 65% reduction in fleet footprint ...

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ExxonMobil increases Stabroek resource estimate to 5 billion barrels

ExxonMobil has announced it made its 10th discovery offshore Guyana and increased its estimate of the discovered recoverable resource for the Stabroek Block to more than 5 billion BOE. The resource estimate, up from the previous estimate of more than 4 billion BOE, is a result of further evaluation of previous discoveries and includes a new discovery at the Pluma-1 well. “The discovery of a resource base of more than 5 billion BOE in less than four years is a testament of our technical expertise and rigorous evaluation and pursuit of high-potential, high-risk opportunities in this frontier area,” Neil Chapman, ExxonMobil Senior Vice President, said. “We will continue to apply what we’ve learned to identify additional exploration prospects and potential future discoveries that will deliver ...

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