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New well control drills emphasize stakeholder integration, proactive risk detection

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Well control drills are a critical component to ensuring that personnel onboard a drilling rig are prepared to respond in a timely manner if a well control event occurs. However, too often, operators, contractors and service companies manage well control risks and training in silos, said Terrance Sookdeo, Director of Process Safety and Contractor Management for Baker Hughes...

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Gulf of Mexico lease sale yields $275 million in high bids on 913,542 acres in central planning area

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US Secretary of the Interior Ryan Zinke has announced that Lease Sale 247 for oil and gas parcels in the Gulf of Mexico garnered $274,797,434 in high bids for 163 tracts covering 913,542 acres in the Central Planning Area of the Outer Continental Shelf (OCS) offshore Louisiana, Mississippi, and Alabama...

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Johan Sverdrup Phase 2 development decision agreed by partnership

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Maersk Oil and partners in the Statoil-operated Johan Sverdrup development have agreed to proceed with the front end engineering design (FEED) for Phase 2 of the giant, world-class Norwegian project. The investment decision and submission of the plan for development and operation of Phase 2 is expected in the second half of 2018. Phase 2 is scheduled to come on stream in 2022. Phase 1 of Johan Sverdrup is under development, with first oil scheduled for late 2019. Phase 1 of the development establishes a field center consisting of four platforms on the field. Phase 2 builds on this infrastructure, adding another processing platform to the field center. Overall this will result in an increase in processing capacity from 440,000 ...

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Keppel signs Heads of Agreement with Borr Drilling for Transocean Rigs

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Five jackup rigs currently being built by Keppel FELS Limited (Keppel FELS) for Transocean will be novated to Borr Drilling Limited of Bermuda (Borr Drilling), due to a recently signed Heads of Agreement. The transaction between Keppel FELS, a wholly-owned subsidiary of Keppel Offshore & Marine Limited (Keppel O&M), and Borr Drilling was approved by Transocean, and is subject to all three parties executing definitive agreements and satisfying formal closing conditions. The transaction is expected to be completed by the end of May 2017. In 2013, Transocean ordered five KFELS Super B Class jackup rigs from Keppel FELS for US $1.1 billion, and made a 20% down payment. Under the new agreement, Borr Drilling will take over the contracts and ...

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