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Murphy awards deepwater integrated EPCIC contract to Subsea Integration Alliance

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Integration Alliance announced the industry’s first deepwater integrated subsea engineering, procurement, construction, installation and commissioning (EPCIC) multiphase boosting system award. This award, by Murphy Exploration & Production Company–USA, a subsidiary of Murphy Oil Corporation, is for the industry’s longest deepwater subsea multiphase boosting tieback.

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New USGS assessment indicates Wolfcamp shale holds an estimated 20 billion barrels of oil

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The Wolfcamp shale in the Midland Basin portion of Texas’ Permian Basin province contains an estimated mean of 20 billion bbls of oil, 16 trillion cu ft of associated natural gas, and 1.6 billion bbls of natural gas liquids, according to an assessment by the US Geological Survey. This estimate is for continuous (unconventional) oil, and consists of undiscovered, technically recoverable resources. The estimate of continuous oil in the Midland Basin Wolfcamp shale assessment is nearly three times larger than that of the 2013 USGS Bakken-Three Forks resource assessment, making this the largest estimated continuous oil accumulation that USGS has assessed in the United States to date. “The fact that this is the largest assessment of continuous oil we have ever done just goes ...

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GE, Maersk Drilling pilot predictive maintenance program

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GE and Maersk Drilling announced a partnership today to collaborate on a data analytics pilot project to increase Maersk’s drilling vessels’ productivity and to possibly reduce maintenance costs by up to 20%. The two companies have collaborated to deploy SeaStream Insight, GE’s new marine asset performance management program, powered by Predix. The pilot project will be carried out on one of Maersk Drilling’s...

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McReaken, Loftis win IADC Exemplary Service Awards

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IADC presented industry veterans Scott McReaken and Terry Loftis with Exemplary Service Awards at the 2016 IADC Annual General Meeting in Scottsdale, Ariz., on 3 November. Mr McReaken, CEO of Sevan Drilling, was recognized for his service as IADC Secretary/Treasurer since 2013 and as an IADC Executive Committee member. Mr Loftis, Director of Engineering at Transocean, was recognized for his work as chairman of the IADC Advanced Rig Technology (ART) Committee...

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