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Chevron announces oil discovery in deepwater Gulf of Mexico

Chevron has announced a significant oil discovery at the Ballymore prospect in the deepwater US Gulf of Mexico. Ballymore is located in the Mississippi Canyon area of the US Gulf of Mexico, approximately 3 miles from Chevron’s Blind Faith platform, in a water depth of 6,536 ft. The initial Ballymore well reached a total measured depth of 29,194 ft and encountered more than 670 ft net oil pay with excellent reservoir and fluid characteristics, according to Chevron. A sidetrack well is being drilled to further assess the discovery and begin to define development options. “The Gulf of Mexico deepwater is an integral part of our company’s long-term strategy,” said Jeff Shellebarger, President of Chevron North America Exploration and Production. “This discovery is an important addition to our portfolio, especially with its combination ...

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Canadian oil sands production growth set to continue, despite lower investment

Oil sands production growth will continue through the next decade, but a slowdown is anticipated, with investment expected to remain lower than historical levels, according to a new research initiative by IHS Markit. “Oil sands production is akin to base-load power generation, but for the oil market,” said IHS Markit’s Executive Director Kevin Birn, who heads the Oil Sands Dialogue. “Once operational, oil sands facilities are largely unresponsive to the oil price, with production neither ramping up nor ramping down materially. And since oil sands do not have to overcome production declines, every incremental investment in new capacity—no matter how small—can result in growth.” Entitled Scenarios for Future Growth, the Oil Sands Dialogue report forecasts the outlook for oil sands investment and ...

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Premier Oil’s MacLaurin: Industry can’t remain ambivalent about climate change

Corporate responsibility is a must, not a luxury, and drilling contractors and operators must work together to align their thinking and messaging around safety and environmental protection, Phil MacLaurin, Country Manager for Premier Oil, said in a keynote address at the 2018 IADC Drilling HSE&T Asia Pacific Conference on 25 January in Ho Chi Minh City, Vietnam. “In our industry, effective environmental and safety management must always be paramount… The expectations of society are evolving. They are becoming more demanding and sophisticated.”...

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DSM commences operations with mooring contract on Norwegian Continental Shelf

Deep Sea Mooring (DSM), a Vryhof company, has commenced operations with the newly awarded contract to provide pre-lay mooring products and services to the Deepsea Bergen semi-submersible drilling rig on the Norwegian Continental Shelf. Austrian oil & gas company OMV has deployed the semisubmersible rig to support drilling activities in the region.

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Apache awards platform drilling management contract to Archer

Archer announced that effective from 1 January 2018, Apache has awarded a new three-year contract to Archer for the provision of Platform Drilling Management Services which include operations and maintenance on their Forties and Beryl fields. This will include the Forties Alpha, Bravo, Charlie and Delta as well as the Beryl Alpha and Bravo platforms...

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5th edition ballot of API Standard 53 issued; comments due by 21 February

The 5th edition ballot of API Standard 53, "Blowout Prevention Equipment Systems for Drilling Wells," has been issued and can be found here. This proposed edition features new language applicable to onshore BOP equipment. Comments can be submitted via API's website using ballot ID 4329. Anyone can comment on a letter ballot, and all ballot responses are due on or before 21 February 2018...

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US rig count reaches 924

There are currently 924 rigs drilling in the US, according to the Baker Hughes weekly rig count. Of those, 906 are drilling on land and 17 offshore, with one rig drilling in inland waters. Of the total rigs, 742 are drilling for oil and 182 for natural gas.

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