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IADC UBO/MPD Committee update: Additional RPs, RCD testing standards under way

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Promoting the safe and efficient execution of underbalanced operations (UBO) and managed pressure drilling (MPD) continues to be the primary objective of the IADC UBO/MPD Committee. Committee Chairman Per Cato Berg, Leading MPD Advisor for Statoil, provided an update on the committee’s work over the past year...

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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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CNH, IADC discuss regulations for Mexico’s upstream industry

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Mexico’s National Hydrocarbon Commission (CNH) met with IADC on 9 March to obtain industry input on CNH’s regulatory priorities. Juan Carlos Zepeda Molina, the President Commissioner of CNH, said he hopes the cooperation between the two groups will help CNH to develop more robust regulations for Mexico’s upstream industry. In this video, filmed during CNH’s visit to Houston, Mr Zepeda outlines CNH’s goals for the coming year and its efforts to be a transparent and reliable organization that will earn the trust of the Mexican people. Read more about CNH’s plans and activities in the May/June issue of Drilling Contractor, due out the first week of May.

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IADC author Sweatman honored by AADE


Ronald E. Sweatman, author of “Well Cementing Operations,” published in 2015 by IADC, was inducted into the American Association of Drilling Engineers (AADE) Hall of Fame on 12 April. Mr Sweatman was recognized “for his significant contributions to the advancement of cementing and other well services through patented technologies and numerous publications,” AADE stated. The induction occurred during the AADE 2016 National Fluids Technical Conference, held 12-13 April in Houston. “This is a great honor,” Mr Sweatman remarked. “I am very happy to know that my industry service and technical achievements have been appreciated by the AADE and others, like IADC, SPE and API.” “Well Cementing Operations” is the most comprehensive and in-depth treatment of cementing available. The book covers ...

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Financing secured for 2 jackups going to work for Pemex


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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BP, CNPC sign shale gas production-sharing contract in China


BP and China National Petroleum Corporation (CNPC) signed a production sharing contract (PSC) for shale gas exploration, development and production in the Neijiang-Dazu block in the Sichuan Basin, China. Witnessed by BP Group Chief Executive Bob Dudley and CNPC Chairman Wang Yilin, the contract is BP’s first shale gas PSC in China and covers an area of approximately 1,500 sq km. CNPC will be operator for this project.

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IBP: Regulatory framework must be improved to attract investment for Brazilian E&P

Speaking at the 2016 IADC International Deepwater Drilling Conference in Rio de Janeiro on 16 March, IBP Secretary General Milton Costa Filho urged widespread improvements to the E&P regulatory framework in Brazil in order to improve the country’s attractiveness for investments.

The geologic potential in Brazil’s pre-salt fields is enormous – estimated by the Industry Federation of the State of Rio de Janeiro to contain 56 billion barrels of oil equivalent. Further, Wood Mackenzie analysis shows that approximately 40% of total recoverable liquids discovered over the past decade have come from the Brazilian pre-salt.

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