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Milling service designed to reach total depth in extended laterals with one run

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With traditional milling services, operators often have to make multiple runs to mill out every plug in an extended lateral. Sometimes, the bottomhole assembly cannot reach the lower sections of the well with enough weight-on-bit to remove the deepest plugs. To help operators reach total depth in a single trip in extended lateral wells, Baker Hughes, a GE company, has launched the coiled-tubing-conveyed Versa Drive extended lateral milling service. In this video from 27 March at the 2018 SPE/ICoTA Coiled Tubing and Well Intervention Conference in the Woodlands, Texas, Erik van Steveninck, Global Product Line Manager, Thru-Tubing Intervention, explains how the Versa Drive is able to reach and remove every plug in a single run. He also discusses a recent field trial in the Permian, during which the service was used to mill out 68 plugs in a single run, without chemicals...

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US crude production grew 5% in 2017, likely will lead to record 2018 production

Source: U.S. Energy Information Administration, Petroleum Supply Monthly.

Annual average US crude oil production reached 9.3 million barrels per day (bbl/day) in 2017, an increase of 464,000 bbl/day from 2016 levels after declining by 551,000 bbl/day in 2016. In November 2017, monthly US crude oil production reached 10.07 million bbl/day, the highest monthly level of crude oil production in US history. US crude oil production has increased significantly over the past 10 years, driven mainly by production from tight rock formations using horizontal drilling and hydraulic fracturing. EIA projects that US crude oil production will continue to grow in 2018 and 2019, averaging 10.7 million bbl/day and 11.3 million bbl/day, respectively...

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Deep Sea Mooring, Vryhof Anchors secure first contract with Cooper Energy

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Deep Sea Mooring (DSM) and Vryhof Anchors, both Vryhof businesses, have secured a contract to provide full-scale mooring and anchoring services to Australian energy company Cooper Energy. The announcement also sees Vryhof businesses secure contracts in Cooper’s main target drilling area - offshore Victoria, Australia - for the first time...

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