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Halliburton awarded drilling contract from Eni

Halliburton has announced it has signed two contracts with Eni to provide integrated drilling services at Eni’s Zubair Oil Field in Southern Iraq. Under the contracts, Halliburton will mobilize four to six rigs to drill development wells over the next two years. “We are pleased to be awarded this work and the opportunity to collaborate with Eni to engineer solutions for the development of Zubair,” Mahmoud El-Kady, Vice President of the Iraq Area for Halliburton, said. “We have provided a wide array of drilling services to Eni since 2011 and signing these contracts are a testimony to our continuous commitment to safety and superior service quality.” Halliburton is one of the leading service companies in Iraq and is focused on safe ...

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Brazil: Total and Petrobras take new steps forward in the scope of their strategic alliance

Total and Petrobras have announced that they have made significant progress in the scope of their strategic alliance, signed in March 2017: The first concrete results of jointly implemented R&D projects. Examples of such work include in particular: With regard to artificial intelligence: new automatic techniques to identify geological faults, leading to significant efficiency gains. With regard to low-permeability reservoirs: new processes and tools to locate the potentially most productive areas, with direct applications on fields like Sururu (Iara concession). The transfer of rights of the remaining 10% from Petrobras to Total in the Lapa field for a consideration of $50 million. Following this transaction, which remains subject to approval by the relevant Brazilian authorities, Total, operator of the field located in ...

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Subsea 7 awarded contract offshore UK

Subsea 7 has announced the award of a contract by Shell for the Shearwater Fulmar Gas Line (FGL) Re-Plumb Project, located approximately 140 miles east of Aberdeen. The engineering, procurement, construction and installation (EPCI) project workscope incorporates a 37 km 24 in. export line, a 14 in. rigid riser, control jumper, subsea structures and associated subsea tie-ins. Project management, engineering and procurement work has already commenced in Aberdeen, with support from Subsea 7’s office in Glasgow, both in the UK. Offshore activities are scheduled for 2019. “For many years Subsea 7 has been chosen by Shell to provide engineering and project execution expertise in the North Sea,” Jonathan Tame, Vice President UK & Canada, said. “This latest award further demonstrates our ...

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GlobalData: Nigeria has highest capex on crude and natural gas projects in sub-Saharan Africa over next seven years

According to GlobalData, Nigeria accounts for more than 34% of the proposed capital expenditure (capex) on planned and announced crude and natural gas projects in the sub-Saharan Africa over the period 2018–2025. The company’s report: ‘H2 2018 Production and Capital Expenditure Outlook for Key Planned Upstream Projects in Sub-Saharan Africa – Royal Dutch Shell Dominates Production and Capex Outlook’ reveals that Nigeria leads in the sub-Saharan Africa with a capex of $59 billion on 28 planned and announced projects during the 2018–2025 forecast period. Of the total count, eight are planned and 20 are announced projects. “Nigeria is investing heavily in new oil and gas projects to further boost its oil and gas production,” Soorya Tejomoortula, Oil and Gas Analyst at GlobalData, said. “Majority of ...

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US Gulf of Mexico poised for historic year in 2019

Next year is shaping up to be a good one in the US Gulf of Mexico, with the first increase in drilling in four years, first-ever production from a Jurassic play, key new project sanctions and an uptick in M&A all in the cards, according to global natural resources consultancy Wood Mackenzie (WoodMac).  “We expect 2019 to be a strong year for the Gulf of Mexico. In addition to exciting new project sanctions, which could usher in more than $10 billion of investment into the region, a couple of historic firsts set to occur next year could set the stage for years to come,” William Turner, Senior Research Analyst at Wood Mackenzie, said.  In its annual outlook, US Gulf of Mexico: ...

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CNOOC signs strategic cooperation agreements with nine international oil companies

CNOOC Limited has announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed strategic cooperation agreements with nine international oil companies including: Chevron, ConocoPhillips, Equinor, Husky, KUFPEC, Roc Oil, Shell, SK Innovation and TOTAL. According to the agreements, the strategic cooperation areas are located in the Pearl River Mouth Basin offshore China, including Area A and Area B (existing mining license areas and the contract areas are not included). Area A is approximately 15,300 sq. km, with a water depth of 80-120 m and only open for the deep layers below Enping Formation of Paleogene. Area B is approximately 48,700 sq. km, with a water depth of 500-3,000 m and open for all the layers. The agreements will facilitate the establishment of a long-term and stable cooperation and share the development opportunities to a certain extent ...

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Schlumberger awarded subsea boosting contract in the Norwegian North Sea by Equinor

OneSubsea, a Schlumberger company, has been awarded an engineering, procurement and construction (EPC) contract by Equinor for the supply of the industry’s first all-electric actuated subsea boosting system for the Vigdis Field in the Norwegian North Sea. The scope of the contract includes a pump station with a manifold foundation and protective structure; and a pump module, topside equipment, umbilical, and all-electric controls with electric actuation. “We are delighted to be working with Equinor on the successful long-term development of the Vigdis Field through the delivery of a subsea boosting station,” Don Sweet, President of OneSubsea, Schlumberger, said. “Our field-proven boosting technology, including electric actuation, will deliver an increased level of digital monitoring and control—this will be a key enabler for ...

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Rystad Energy: Strong outlook for offshore

The outlook for offshore oilfield service contractors is strong. More than 100 new projects are aiming for 2019 sanctions. An expected $210 billion will be spent on offshore oilfield services globally next year, according to Rystad Energy’s latest project sanctioning report. Offshore contractors have experienced four consecutive years of declining revenues, but those still standing can expect revenues to start growing again next year. “The offshore service market is like a super tanker: It takes time to accelerate,” Audun Martinsen, Head of Oilfield Service Research at Rystad Energy, said. “The uptick in new projects in 2017, 2018 and now 2019 will be enough to turn revenue growth positive to mid-single digits as offshore capex is set to increase due to ...

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Rowan wins contract with CGX Resources for Ralph Coffman jackup

Rowan has announced that the Ralph Coffman, a 240-C Class harsh-environment jackup rig, has been awarded a one-well contract from CGX Resources in Guyana for an estimated duration of 60 days. The contract is expected to commence in Q2 2019.  The Ralph Coffman is currently under contract with GulfSlope Energy in the US Gulf of Mexico through its current well, which is estimated to conclude mid-January 2019.

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