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Valued at approximately $250 million, the contract will cover four development wells on the project, located in the deepwater Gulf of Mexico. No announcement has been made on when the drilling campaign will start or the specific rig to be used, but the campaign is expected to last around 17 months.

In mid-May, Aquila Engineering completed a pilot project on a remote BOP third-party verification system with an operator in the Gulf of Mexico. The system builds upon the company’s real-time BOP monitoring technology, which utilizes machine learning tools like dynamic fault tree analysis to enable real-time monitoring of an offshore BOP...

Digital twins have been the talk of the industry in recent years. By providing elements of artificial intelligence and machine learning to create virtual representations of physical assets, like a drilling rig, they can unlock new possibilities for companies looking to optimize their operational and maintenance procedures...

With drilling activity set to increase in the coming months, the.Railroad Commission met with various stakeholders to discuss possible reforms to reduce flaring in the state. The commission said it will consider the information provided at the meeting as it crafts a plan of action for addressing flaring.

The Norwegian Petroleum Directorate issued a drilling permit for the two-well campaign, which will be performed Odjfell’s Deepsea Yentai after the semisubmersible finishes drilling production wells on the Duva field, also operated by Neptune.

The current oil price environment has hydraulic fracturing operators looking for ways to improve efficiencies and save every dollar possible. Reveal Energy Services’ IMAGE Frac, a system of pressure-based fracture maps, is one of several technologies aiming to help in this area...

No dayrate will be paid for the rig during the suspension period, which will start sometime in May and last for a period of up to 365 days. Noble will have the right to market the rig in pursuit of other work opportunities during this time...

The Norwegian Petroleum Directorate granted a permit for Lundin to drill in production license 533 B offshore Norway. Seadrill will manage the drilling campaign using the West Bollsta semisubmersible, part of a 10-well contract signed in February 2019...

According to the company, the tool helps operators develop assets by maximizing reservoir exposure to a single wellbore, enabling access to all planned reserves that would otherwise be difficult to reach. Additional patents are still pending in the US, Norway, Canada, Saudi Arabia, and the UAE.

In this interview with DC, Mark Denkowski, VP of Accreditation Operations at IADC, talks about the details of WellSharp Live and its possible long-term future. The Live system, scheduled to launch on 4 May will help support ongoing training and learning for industry professionals stuck at home in a world of social distancing...