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Weatherford introduces intelligent MPD system

Weatherford has launched Victus, an intelligent managed pressure drilling (MPD) system that represents “a step-change in the way we do manage pressure drilling in the industry,” said Etienne Roux, President of Drilling and Evaluation for Weatherford. “It’s not just one widget that we added. It’s an all-encompassing system that will drive efficiency to both operators and drilling contractors in equal measure, and help them to be safer, faster and eliminate waste.” The software system is based on a sophisticated hydraulic model that incorporates all the MPD experience and data that Weatherford has gathered over the past 50 years. The accuracy of this model’s pressure predictions provides for not only early kick detection but also – due to the intelligence of ...

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ExxonMobil to proceed with Liza Phase 2 development offshore Guyana

Exxonmobil announced it has funded the Liza Phase 2 development offshore Guyana after it received government and regulatory approvals. Liza Phase 2 will produce up to 220,000 bbl/day and further capitalize on the significant development potential of the Stabroek Block, where ExxonMobil estimates producing more than 750,000 bbl/day by 2025. A total of six drill centers are planned as well as approximately 30 wells, including 15 production, nine water injection and six gas injection wells. Phase 2 startup is expected in mid-2022 and will develop approximately 600 million bbl. Liza Phase 2 is expected to cost $6 billion, including a lease capitalization cost of approximately $1.6 billion, for the Liza Unity floating production, storage and offloading (FPSO) vessel. “With the government ...

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