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Exploration boom in Guyana-Suriname: high dollar, high stakes

Giant-sized discoveries and low breakevens continue to fan enthusiasm for this South American basin despite recent disappointments By Stephen Whitfield, Associate Editor Just offshore the countries of Guyana and Suriname is a basin that has become the focal point of a major South American oil boom. With ExxonMobil making 18 discoveries in the Stabroek Block offshore Guyana since 2015 and Total making four discoveries at Block 58 offshore Suriname since January 2020, the area continues to generate significant attention from all stakeholders. For offshore drilling contractors specifically, anticipation is high that this emerging region could help to boost both near-term and long-term rig demand.  The Guyana-Suriname Basin currently has eight active rigs, up from five in 2020. ExxonMobil, the only operator ...

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Evolution of BP’s self-verification encompasses digital app, targeting of barriers at component level

Over the past decade, self-verification has come to play a significant role within BP’s Wells organization when it comes to mitigating major accident risk. The program has been continuously updated and enhanced through the addition of barrier enablers and barrier owners, the development of a digital self-verification app, and the targeting of barriers at a component level. This work was detailed in a presentation at the 2021

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Industry investment and regulatory support needed to tap full potential of Vaca Muerta, Brazilian pre-salt gas

South America has huge potential associated with huge volumes of natural gas – particularly in Argentina’s Vaca Muerta shale and Brazil’s pre-salt offshore basins – but so far much of that potential remains untapped. Unlocking these resources fully will require improvements in regulations, market economics and infrastructure, according to panelists at a CERAWeek session on 3 March. 

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IADC advances well control training with launch of KREW

In April, IADC launched Knowledge Retention & Education for our Workforce (KREW), an online system designed to provide continuous learning opportunities for well control concepts and skills. In this video interview with DC, two members of the KREW Steering Committee – Mike Garvin, Senior VP Operations at Patterson-UTI, and Jeremy Sokol, Technical Training Unit Manager at Chevron, discusses the details of how KREW came to be, as well as why they believe KREW is important for the industry.

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