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The Offshore Frontier

Hand-picked components enable Marathon, ConocoPhillips to build fit-for-purpose MPD system for GOM project

MPD champions must continue to promote the technology’s benefits, as well as find ways to make it more economic, Kelly McHugh, General Manager of Drilling and Completions at Chevron, said at the SPE/IADC MPD and UBO Conference in Galveston, Texas, on 12 April.

In 2013, Marathon Oil and ConocoPhillips decided to retrofit the Maersk Valiant drillship for managed pressure drilling (MPD). Installation of the MPD equipment began in 2014, while the drillship made its way to the US Gulf of Mexico from the shipyard in South Korea.

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Financing secured for 2 jackups going to work for Pemex

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In one of the only financings of a newbuild offshore oil/gas unit so far this year, Milbank, Tweed, Hadley & McCloy has advised BBVA, HSBC, Sabadell and Santander in providing non-recourse project financing to fund construction and operation of two offshore drilling units to be owned by affiliates of Grupo R for oil and gas exploration by Mexico’s state-owned petroleum company Pemex (Petróleos Mexicanos).

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BSEE, NASA announce agreement to examine risk offshore

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The Bureau of Safety and Environmental Enforcement (BSEE) and The National Aeronautics and Space Administration (NASA) have announced a five-year agreement allowing BSEE to capitalize on the best risk management approaches from the aeronautics industry to inform stakeholders and further strengthen worker and environmental safety protections on the Outer Continental Shelf.

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Kosmos Energy announces successful appraisal of gas discovery offshore Mauritania and Senegal

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Located in Mauritanian waters, approximately 5 km northwest, and 200 m downdip of the basin-opening Tortue-1 discovery well in approximately 2,800 m of water, Ahmeyim-2 was drilled to a total depth of 5,200 m. As anticipated, in the Lower Cenomanian and Albian, Ahmeyim-2 penetrated the seismic-inferred gas-water contacts, defining the field limit and extending the productive field area from approximately 50 sq km to 90 sq km. Furthermore, the well confirmed significant thickening of the gross reservoir sequences down structure and importantly, within the Lower Cenomanian, static fluid pressure communication between the Tortue-1, Guembeul-1 and Ahmeyim-2 wells.

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