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Author Archives: Jay Stracke

ExxonMobil wins additional acreage in Brazil’s 5th pre-salt bid round

ExxonMobil has increased its holdings in Brazil’s pre-salt basins after it won the Titã exploration block with co-venturer Qatar Petroleum during Brazil’s 5th pre-salt bid round. The block awarded added more than 71,500 net acres to the ExxonMobil portfolio, expanding the company’s total position in the country to approximately 2.3 million net acres. “With the acquisition of this block, we continue to increase our holdings in Brazil’s pre-salt basins, which are high-quality opportunities that enhance ExxonMobil’s global portfolio,” Steve Greenlee, President of ExxonMobil Exploration Company, said. “These resources will benefit from ExxonMobil’s considerable capabilities, which we will employ as we explore and develop them with our co-venturers and the government.” Equity interest in the block will be 64% for ExxonMobil ...

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Transocean announces contract extension for Petrobras 10000

Transocean has announced that the ultra-deepwater drillship Petrobras 10000 was awarded a 790-day contract extension offshore Brazil with Petrobras. The contract is extended through October 2021 and includes a blend-and-extend modification to the previous contract dayrate, effective September 2018. The additional net contract backlog is approximately $185 million, including cost escalations. Additionally, Transocean will receive a 5% royalty per day, totaling approximately $16 million, estimated to be from October 2018 to October 2021 associated with the use in Brazil of the company’s patented dual-activity technology on the Petrobras 10000.

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Delmar Systems awarded mooring contract for Transocean/ExxonMobil Work in Equatorial Guinea

Delmar Systems has been awarded the mooring contract to provide engineering design services, project management, mooring equipment, and mooring installation services for the Development Driller III at ExxonMobil’s locations offshore Equatorial Guinea. The Development Driller III is planned to be on eight-point OMNI-Max preset mooring systems for the duration of the drilling campaign. “We are delighted to continue Delmar’s close relationship with Transocean and ExxonMobil on this scope of work,” Josiah McVicar, Delmar Senior Project Manager, said. “We look forward to continued success with both Transocean and ExxonMobil on this campaign through safely and efficiently completing all mooring operations to Delmar’s high standards. This award recognizes our long relationship with ExxonMobil and Transocean as well as our strong presence in ...

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Equinor strengthening subsea collaboration with Aker Solutions and TechnipFMC

Equinor is signing collaboration agreements with Aker Solutions and TechnipFMC for subsea equipment and services on the Norwegian continental shelf (NCS) and internationally. For several decades, the subsea segment has been central in developing Equinor and the NCS. The company is operating close to 600 subsea wells, which account for a considerable share of the company’s total production. Norwegian supplier industry is in the forefront of subsea technology, development and operation. “We are building on many years of good cooperation with two world-leading suppliers in the subsea segment,” Margareth Øvrum, Equinor’s Executive Vice President for Technology, Projects & Drilling, said. “Together with TechnipFMC and Aker Solutions we aim to further develop current solutions and keep up the pressure on continuous improvements ...

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Interior proposes region-wide oil and gas lease sale for Gulf of Mexico

In support of President Donald J. Trump’s America-First Offshore Energy Strategy, Deputy Secretary of the Interior David Bernhardt and Bureau of Ocean Energy Management (BOEM) Acting Director Walter Cruickshank today announced that BOEM proposes to offer 78 million acres for a region-wide lease sale scheduled for March 2019. The sale would include all available unleased areas in federal waters of the Gulf of Mexico. “The development of our offshore energy resources is a major pillar of this Administration’s energy strategy,” said Mr Bernhardt. “We all benefit from a strong offshore energy program, which provides thousands of well-paying jobs, as well as affordable and reliable energy Americans need to heat homes, fuel our cars, and power our economy.” Lease Sale 252, scheduled ...

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Schlumberger introduces HyperBlade hyperbolic diamond element bit

Smith Bits, a Schlumberger company, launched the HyperBlade hyperbolic diamond element bit that reduces drilling costs by improving the rate of penetration (ROP), while maintaining steering response and directional tracking in soft and plastic rock formations. “The HyperBlade bit expands our three-dimensional cutting elements bit portfolio and addresses operational challenges by reducing drilling time and eliminating unnecessary bit trips,” Kristi Vilay, President, Bits & Drilling Tools, Schlumberger, said. “With the introduction of this new technology, operators can improve ROP and achieve further gains in drilling efficiency.” The new technology incorporates the distinctive geometry of Hyper hyperbolic diamond cutting elements that cut 20% deeper into rock compared with conventional polycrystalline diamond compact (PDC) cutters. A thicker, precision-molded diamond table makes the ...

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Halliburton introduces next-generation wireline logging sensor

Halliburton has released the Xaminer Magnetic Resonance (XMR) Service, the industry’s only high pressure rated (35,000 psi) downhole sensor that provides comprehensive nuclear magnetic resonance measurements to improve reservoir insight. The service delivers more detailed formation data, including 2D and 3D fluid characterization, carbonate pore-size classification, unconventional analysis and permeability. The service can acquire approximately eight times more data with less than half the power of traditional sensors. It also can be deployed in nearly every open-hole logging environment. XMR helps reduce an operator’s capital expenditures by eliminating the need for multiple sensors. XMR acquires reservoir information in a single pass to increase reliability and improve data quality. One of the significant advantages of the sensor is its ability to log ...

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Cormorant-1 well update

Tullow Oil announced that the Cormorant-1 exploration well in the PEL-37 licence, offshore Namibia, encountered non-commercial hydrocarbons and the well is being plugged and abandoned. The well has been drilled to a total depth of 3,855 m and penetrated the objectives of the Cormorant prospect. Sandstones were encountered in the primary objective of the well, but these proved to be water bearing. Wet gas signatures, indicative of oil, were encountered in the overlying shale section. Important geological data has been gained from this well, and, in combination with high-quality 3D seismic data, will provide valuable insights into the prospectivity of the Group’s Namibian acreage in PEL-37 and PEL-30. The Cormorant-1 well was drilled safely and efficiently by the Ocean Rig Poseidon drillship in ...

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Maersk Drilling awarded deepwater contract offshore Ghana by Aker Energy

Maersk Drilling has signed a contract with Aker Energy for Maersk Viking, an ultra-deepwater drillship, to drill the Pecan-4A appraisal well offshore Ghana. The contract covers one firm well with an expected duration of 30-35 days, with options for additional wells. The contract is expected to commence in Q4 2018. The Maersk Viking is currently warm-stacked in the Gulf of Mexico and will imminently commence its voyage to Ghana. “Maersk Drilling is very pleased to support Aker Energy and its license partners, building upon our operational track record in Ghana, and our strong relationship with the Aker Group,” Morten Kelstrup, Chief Commercial and Innovation Officer of Maersk Drilling, said. “The contract for Maersk Viking marks our third rig operating in Ghana. We ...

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