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Rowan jackup Bob Palmer leased by ARO Drilling for three-year contract with Saudi Aramco

rowan

Rowan Companies announced that the Bob Palmer, a Super Gorilla XL Class jackup rig, has been leased to ARO Drilling, the company’s joint venture with Saudi Aramco, to fulfill a three-year contract that ARO Drilling has been awarded by Saudi Aramco. The Bob Palmer was operating for Saudi Aramco in Saudi Arabia and will now do so through ARO Drilling.

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BHGE wins drilling & well services contract from Equinor

BHGE

Baker Hughes, a GE company (BHGE) announced that the company was awarded an integrated well services contract to support a large proportion of Equinor’s drilling and well construction activities in the Norwegian sector of the North Sea for an initial period of four years with options to extend by up to 10 years. This partnership aims to improve operational efficiencies and reduce well costs over the life of the project through a holistic and collaborative development approach. BHGE will be the main drilling and well services provider for the eight rigs developing Troll, Oseberg and Grane – three of the most prolific and active fields in the Norwegian Continental Shelf. Products and services will include integrated drilling services, drill bits, ...

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ExxonMobil advances Liza Phase 1 development

ExxonMobil

The Liza Phase 1 development continues to rapidly progress, with the commencement of development drilling offshore Guyana, ExxonMobil said. Development drilling began in May for the first of 17 wells planned for Phase 1, laying the foundation for production startup in 2020. The company and its co-venturers have so far discovered estimated recoverable resources of more than 3.2 billion oil-equivalent bbls on the Stabroek Block. “The work our teams have done in Guyana is remarkable,” Liam Mallon, President of ExxonMobil Development Company, said. “We are well on our way to producing oil less than five years after our first discovery, which is well ahead of the industry average for similar projects. The Liza development and future projects will provide significant ...

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Forum Energy Technologies expands European in-country operations

Forum's ROV, the XLe Spirit

Forum Energy Technologies has moved to expand its operations in Europe by appointing a new single distributor for its extensive fleet of subsea vehicles across The Netherlands and Belgium. Seascape Subsea Technology BV will represent Forum Energy Technologies for the sale of the company’s range of remote operated vehicles (ROVs) in the two countries, including its recently launched electric ROV, the XLe Spirit. Designed and built in-house at Forum’s Kirkbymoorside facility in Yorkshire, UK, the XLe Spirit is the first offering from the company’s new generation of electric observation class ROVs. “It’s important that we work with the best and most well-respected partners in-country. Seascape Subsea Technology BV provides us with another strong channel complementary to our existing framework to deliver ...

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Fourth pre-salt round has R$738 million in planned investments

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The 4th production sharing round in the pre-salt, held 7 June by ANP, raised R$ 3.15 billion in signing bonuses and R$ 738 million in planned investments on the exploration phase. The goodwill of the profit oil offered in the 4th round was 202.3%. The auction had three of the four offered areas acquired: Uirapuru, Dois Irmãos and Três Marias...

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Wood Mackenzie highlights Brazil’s fourth pre-salt auction

woodmackenzie

On 7 June 2018, Brazil held its fourth pre-salt auction, just eight months after the highly competitive second and third pre-salt rounds. PSC Round 4 offered 4,232 km2 across four blocks in the heart of the pre-salt polygon with more than 14 billion bbl of unrisked in-place prospective resources. Three of the four areas were awarded, all of which with Petrobras as the operator, with bids from 11 of the 16 registered companies, setting a record for participation in a PSC auction...

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