Archive | Global and Regional Markets

Climate, environment challenge operations in Myanmar, Thailand

Posted on 09 September 2014 in Global and Regional Markets, News, Videos

In Q1 this year, Myanmar awarded 20 offshore blocks – 10 shallow water and 10 deepwater. In Q4 last year, 16 land blocks were awarded. “Myanmar is probably one of the last frontier areas in the world with…

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Hess SmartDrill optimization process improves ERD in North Malay Basin

Posted on 09 September 2014 in Global and Regional Markets, Innovating While Drilling, News, The Offshore Frontier, Videos

Last year offshore Malaysia, Hess deployed its SmartDrill drilling optimization process for the company’s first extended-reach drilling (ERD) campaign…

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High-ROP bit development begins with understanding operator goals

Posted on 09 September 2014 in Global and Regional Markets, Innovating While Drilling, News, Videos

Driven by Shell’s goal to increase ROP in the Marcellus, Ulterra developed the FastBack design platform byre-evaluating the way bits are built. The platform aligns the materials, design and manufacturing process to…

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PETRONAS designs, deploys drilling fluid to reach 488°F well offshore Malaysia

Posted on 09 September 2014 in Global and Regional Markets, Innovating While Drilling, News, The Offshore Frontier

Offshore the Malaysian peninsula, PETRONAS Carigali recently deployed a fit-for-purpose, synthetic-based mud to drill an ultra-HPHT, deep gas exploration well…

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Fit-for-purpose designs, technologies drive sustainable growth in Asia Pacific

Posted on 08 September 2014 in Global and Regional Markets, News, The Offshore Frontier

By 2050, the world’s population is expected to reach 9 billion, and energy demand is expected to double. Industry leaders agree that, in order to safely deliver…

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Statoil farms into acreage offshore Colombia

Posted on 05 September 2014 in Global and Regional Markets, News, The Offshore Frontier

Statoil has signed farm-in agreements with Repsol, acquiring a 10% equity share in the Tayrona license and a 20% equity share in the Guajira Offshore 1 license, both offshore Colombia…

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Industry eager for repeat of Brazil pre-salt boom offshore Angola

Posted on 03 September 2014 in 2014, Global and Regional Markets, September/October, The Offshore Frontier

Angola’s very first oil event dates back to the late 1700s when the Portuguese colonialists discovered oil seeps and asphalt deposits at Libongos near Caxito…

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Complex environments call for better navigation of the human terrain

Posted on 03 September 2014 in 2014, Global and Regional Markets, September/October

The success of operators and drilling contractors in low-capacity countries depends on their ability to “navigate the human terrain” in difficult operating environments…

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Leading process safety KPIs enhance barrier management on NCS

Posted on 03 September 2014 in 2014, Drilling It Safely, Global and Regional Markets, September/October

“Personnel shall be aware of which barriers are not functioning or have been impaired.” This is the sentence wherein the Petroleum Safety Authority (PSA) Norway has…

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Noble Energy announces successes with Katmai, Dantzler wells in deepwater GOM

Posted on 03 September 2014 in Global and Regional Markets, The Offshore Frontier

Wireline logging in two Noble Energy wells in the deepwater Gulf of Mexico indicates a total of 154 net ft of crude oil pay was discovered in multiple reservoirs…

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