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Atwood Oceanics announces contract for Atwood Achiever

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Atwood Oceanics announced that one of its subsidiaries agreed to a one well contract at an undisclosed dayrate for operations offshore Northwest Africa with Kosmos Energy Ventures for the ultra-deepwater rig, the Atwood Achiever. The new contract will commence immediately following the completion of the well in progress under the existing contract and includes six one-well priced options. As a result of this contract, the expected earliest availability of the Atwood Achiever is March 2018, assuming no options are exercised. If all six options were to be exercised, the drilling program would extend until approximately December 2018. Rob Saltiel, President and Chief Executive Officer of Atwood Oceanics, commented, “We are pleased to extend our drilling operations for Kosmos Energy in ...

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ENGIE E&P UK announces first gas from Cygnus Bravo in southern North Sea

Cygnus Bravo delivered first gas from well B5 on the morning of 1 August. The Cygnus gas field is located 150 km off the coast of Lincolnshire, UK in water depths of less than 25 km. It consists of four platforms including two drilling centers, contributing 5% of UK gas production.

On the morning of 1 August, first gas from Bravo was exported 7 km SE to Cygnus Alpha, which itself has been at a plateau of 250 million cu ft per day since 13 December 2016. Combined output then travels from the Alpha processing unit, 150 km off the coast of Lincolnshire, via a 55 km link to the Esmond Transmission System – which ultimately lands at the Bacton gas terminal in Norfolk...

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BHGE to provide full-stream support for Pasca A field in Gulf of Papua

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BHGE, announced one of the first agreements of its kind with Twinza Oil to provide full-stream support on the Pasca A gas condensate field, located off Papua New Guinea in the Gulf of Papua. The Twinza-BHGE full-stream agreement covers services and equipment during Phase I of the Pasca A field development, including drilling services, wellheads and pressure control equipment for the fourth and final appraisal well. The appraisal well will be drilled in Q3 2017, which will be suspended as a future development well, and the final investment decision (FID) to proceed to development is expected in 2018. Post-FID, BHGE expects to provide an integrated gas-processing solution from the wells through to point of export. The full-stream offering includes a ...

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Zama-1 well completes drilling operations offshore Mexico

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The Zama-1 exploration well offshore Mexico has now completed drilling operations in the final hole section, reaching a total depth of 4,108 m (13,478 ft). The logging results confirmed that the previous hole section had reached the base of the reservoir section, with an oil-down-to in the well of 3,380 m (11,089 ft) with no subsequent penetration of an oil-water-contact. The well drilled deeper into the Zama Deep target and no additional hydrocarbons were encountered, confirming pre-drill expectations for this formation...

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Devon Energy announces $340 million of non-core asset sales

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Devon Energy announced it has entered into a definitive agreement to monetize its Lavaca County assets in the Eagle Ford play. Combined with other minor asset sales completed across its US operations, proceeds from the company’s recently announced $1 billion divestiture program have now reached $340 million. The Lavaca County transaction is subject to customary terms and conditions and is expected to close by the end of 2017. “These highly accretive asset sales are an important step in executing on our $1 billion divestiture program over the next year,” Dave Hager, President and CEO, said. “The divestiture proceeds will further strengthen our investment-grade financial position and provide us additional flexibility to build operational momentum across our top-tier US resource plays.” ...

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