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SIMMONS EDECO awarded contract by Tonalli Energia

SIMMONS EDECO has announced that it has been awarded a contract by Tonalli Energia to provide drilling services in Mexico. The contract, which has already begun, engages SIMMONS EDECO to support Tonalli’s onshore oil and gas development Block 24. The Block known as Tecolutla, is in the Tampico-Misantla Basin in the Mexican state of Veracruz. SIMMONS EDECO will drill the horizontal well 2310 TVD to a measured depth of 3,750 m by using Rig 836, which recently drilled a number of wells on the Amatitlan block in Mexico.  Cultivating a new relationship  Although SIMMONS EDECO has been providing onshore drilling services in Mexico since 2015, this drilling project represents the first time that the company will have worked on behalf of Tonalli Energia, a joint venture between Mexican ...

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Precision Drilling terminates arrangement agreement with Trinidad Drilling

Precision Drilling has announced that it has terminated the arrangement agreement dated 5 October 2018 with Trinidad Drilling following the announcement by Ensign Energy Services that it had taken up 56.38% of the outstanding common shares of Trinidad pursuant to its unsolicited offer to purchase and takeover bid circular. Accordingly, payment of the termination fee in the amount of $20 million is now due and payable to Precision in accordance with the arrangement agreement.

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New DynaEnergetics manufacturing facility opens in Blum, Texas

DynaEnergetics, a business of DMC Global, has officially opened its technologically advanced manufacturing, assembly and administrative facilities on its industrial campus in Blum, Texas. The facility spans 74,000 sq. ft and significantly expands the production capacity of the DynaStage well perforating system. The solution provides wireline companies and operators with a highly effective plug-and-go system that streamlines perforating operations, while alleviating labor costs, assembly time, maintenance and risk of misfire. New production resources include six DynaStage assembly lines and multiple CNC turning centers for in-house manufacturing of tandem sub adaptors (TSAs), a key component in the DynaStage system. In addition, the company is installing two new automated shaped-charge production lines that will more than triple the US production capacity of the business’ advanced perforating ...

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Middle East driving global growth in conventional oil output

Middle Eastern oil production is expected to grow by 2.7 million BPD by 2025, according to latest Rystad Energy analysis. The boost in conventional oil output from the Middle East is primarily driven by supply additions from Iraq with 1.5 million BPD growth, and an additional 1.2 million BPD mainly coming from the Neutral Zone, the UAE and Iran in the medium term. Iraq Rystad Energy forecasts the country’s oil production could grow to 6.15 million BPD in 2025. The current ramp up from producing assets is expected to add about 625,000 BPD on the country’s output of about 4.65 million BPD. The growth will primarily be driven by the giant southern fields, Rumaila, West Qurna-1 and West Qurna-2. Over the past 18 months, the ...

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US crude oil and natural gas production increased in 2017, with fewer wells

The total number of wells producing crude oil and natural gas in the United States fell to 991,000 in 2017, down from a peak of 1,039,000 wells in 2014. EIA’s updated US Oil and Natural Gas Wells by Production Rate report shows how daily production rates of individual wells contributed to US total crude oil and natural gas production in 2017. Wells classified as nonhorizontal in the report—most of which are vertical wells—have decreased from 940,000 in 2014 to 864,000 in 2017. Horizontal wells are relatively less common, but they are growing as a share of the total: the 99,000 horizontal wells drilled in 2014 accounted for 10% of the total. In 2017, 127,000 horizontal wells accounted for 13% of ...

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Wicklund: Scale matters, and drilling industry needs more consolidation

By Linda Hsieh, Managing Editor The global drilling industry is on the road to recovery, even if the recovery isn’t quite here yet for every segment of the market, Jim Wicklund, Managing Director, Energy, for Credit Suisse, said at the 2018 IADC Annual General Meeting on 9 November in New Orleans. In the meantime, he urged the industry to look more toward consolidation. Onshore North America, the recovery has arrived, with the US rig count up by 300% over the past 2.5 years, Mr Wicklund noted. He forecasts that the rig count will resume its march upwards next year, especially once pipeline capacity is added to increase takeaway capacity in the Permian. In particular, super-spec rigs – featuring greater horsepower, higher ...

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Industry attention redirecting back to more mature unconventional plays

A lot of attention in the drilling industry is being directed back to some of the more mature plays like the Eagle Ford and Bakken, said Todd Bush, VP Commercial and Principal, Westwood Global Energy. In this video from the 2018 IADC Annual General Meeting in New Orleans on 8 November, Mr Bush talks about what’s driving this trend, as well as his forecasts for drilled but uncompleted wells (DUCs) in the Permian and how production might be impacted. Further, he talks about why the Haynesville is now being closed monitored. Watch the video for more information.

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Aquaterra Energy bags another Johan Sverdrup win

Aquaterra Energy has been awarded a contract by Equinor to deliver early well-construction operations for the next 16 wells of the Johan Sverdrup field development. The award follows Aquaterra Energy’s successful Phase I Tie-Back project for the engineering of nine complete strings of centralizers and tieback engineering services, which were delivered in Q3 2018. Under the new contract, the company will supply its Well Start solution to engineer conductor guide, cellar deck and internal centralizers for the field to ensure conductor performance for the 50-year field life. The project, set to commence in Q4, will also include hang-off tools for the conductor. Well Start is a single-source solution that manages the complete set of early well construction activities including third-party interfaces, engineering ...

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Wood secures $53 million of contracts supporting ADNOC Onshore

Wood has been awarded three new, call-off contracts totaling $53 million by ADNOC Onshore, a subsidiary of Abu Dhabi National Oil Company (ADNOC). Project management consultancy (PMC) services will be provided for major projects across the company’s onshore fields in Abu Dhabi, aimed at supporting ADNOC’s group-wide production capacity target of 4 million BPD by 2020. Creating around 100 new jobs in the country, the five-year contracts have one-year extension options available. This win builds on Wood’s successful track record of partnering with ADNOC, which spans over 40 years and has included multiple, significant PMC projects. “Wood has a strong foothold in the Middle East and our strategic focus on continuing to broaden the capabilities we deliver to the oil and ...

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Maersk Giant jackup sold to independent operator

Maersk Drilling has entered into an agreement to sell the Maersk Giant jackup to an Australasian-based independent oil and gas operator. The transaction is expected to close before the end of 2018. The new owner expect to use the rig for its Australasian operations. “The sale is part of our fleet optimization in line with our strategic priority of maintaining a fleet of modern, high-quality assets. Given the limited prospects for Maersk Giant, we believe a sale creates the highest shareholder value,” Jesper Ridder Olsen, CFO of Maersk Drilling, said. In 2015, Maersk Drilling decommissioned the Maersk Endurer jackup rig (delivered in 1984), and in 2016, Maersk Drilling converted the Maersk Guardian jackup (delivered in 1986) from a drilling rig to an accommodation ...

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