Home / Author Archives: Jay Stracke (page 53)

Author Archives: Jay Stracke

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

Halliburton releases intelligent rotary steerable system

Halliburton released the iCruise Intelligent Rotary Steerable System, a technology that delivers faster drilling, accurate steering and longer laterals. Today operators need to efficiently and reliably drill longer laterals faster which requires a drilling system that can steer accurately through high-angle wellbores in one run and achieve target depth on time and on budget. The iCruise system provides the highest mechanical specifications available with 400 RPM and up to 18 degrees/100 ft dogleg capabilities to drill fast and with greater accuracy. The product’s modular design can be configured to drill a long lateral or to increase accuracy in formations where well trajectory changes rapidly. Steerability and cutting efficiency can be further improved by matching the new Halliburton GeoTech drill bit with the iCruise system. ...

Read More »

Pemex and Block 7 Consortium sign pre-unitization agreement

Pemex and Talos Energy, as operator of the Block 7 Consortium, are pleased to announce that Pemex and the international Block 7 Consortium (Talos Energy, Sierra Oil and Gas, and Premier Oil) have signed a pre-unitization agreement related to certain tracts within the Amoca-Yaxche-03 allocation (assigned to Pemex as part of Round 0) and the contiguous Block 7 production sharing contract (assigned to the consortium by the National Hydrocarbons Commission as part of the first tender of Round 1). Both areas are situated in the offshore portion of Mexico’s prolific Southeast Basin. This is the first pre-unitization agreement ever to be signed in Mexico. Under the country’s recently revamped legal and regulatory framework, this two-year agreement enables information sharing related ...

Read More »

Noble announces purchase of newbuild jackup and secures initial contract award

Noble announced the purchase of a new Gusto MSC CJ46 design jackup rig from the PaxOcean Group (PaxOcean) in connection with a concurrently awarded drilling contract. Noble paid $33.75 million of the $93.75 million purchase price in cash, with the remainder of the purchase price, or $60 million seller-financed at a 4.25% interest rate paid in cash and 1.25% paid in kind over the term of the financing. The company used existing cash balances for the initial payment and the secured seller-financed amount is to be repaid in four years.  The company also has an option for the purchase of a second newbuild CJ46 jackup from PaxOcean. The newbuild jackup, to be named the Noble Johnny Whitstine, was built at ...

Read More »

Transocean Norge to drill for Equinor

Equinor awarded Transocean a contract for drilling six wells on the Norwegian continental shelf (NCS) by use of the Transocean Norge mobile rig. Drilling start-up is scheduled for the summer of 2019. The rig has also been awarded a contract option for drilling four additional wells and is intended for subsequent continuing options. Transocean has previously signed a framework agreement with Equinor. Transocean Spitsbergen was the company’s first rig to be included as per the framework agreement terms, and Transocean Norge will be the second. The services covered by the contract include drilling services such as slop treatment and cuttings handling, and part of the mobilization fee. Transocean will operate the Transocean Norge and has a 33% interest in the joint ...

Read More »

IADC praises Coast Guard withdrawal of decades old offshore proposed regulation

In the 19 September 2018 Federal Register, the U.S. Coast Guard made public its withdrawal of the “Outer Continental Shelf Activities” proposed rule, which was initially published in December of 1999. In response, IADC President Jason McFarland issued the following statement: “The withdrawal of this proposed rule by the U.S. Coast Guard is long overdue. After sitting on the shelf for nearly 20 years, the provisions contained in the proposed rule have long ago been rendered obsolete by an industry that prides itself on embracing technological advances. At IADC, we have advocated for the Coast Guard to withdraw their proposal in order to facilitate an open dialogue regarding regulations that reflect the current state of the industry. We would like to thank ...

Read More »

West Hercules to drill more exploration wells

Seadrill Norway has been awarded a contract for drilling two exploration wells for Equinor in the Barents Sea by use of the West Hercules rig. Drilling is scheduled to start in the spring of 2019. The contract includes options for drilling nine additional wells. The rig is primarily assigned for exploration drilling. The contract is based on a master framework agreement established between Seadrill and Equinor. The rig owner is responsible for integrated drilling services, such as casing running, remote-operated vessel, slop treatment and cuttings handling. “We have already prepared a drilling program for West Hercules, scheduled to start this autumn,” Geir Tungesvik, Equinor’s Senior Vice President for Drilling & Well Services, said. “We are now looking forward to continuing our cooperation ...

Read More »