Home / News (page 60)

News

Noble announces purchase of newbuild jackup and secures initial contract award

Noble announced the purchase of a new Gusto MSC CJ46 design jackup rig from the PaxOcean Group (PaxOcean) in connection with a concurrently awarded drilling contract. Noble paid $33.75 million of the $93.75 million purchase price in cash, with the remainder of the purchase price, or $60 million seller-financed at a 4.25% interest rate paid in cash and 1.25% paid in kind over the term of the financing. The company used existing cash balances for the initial payment and the secured seller-financed amount is to be repaid in four years.  The company also has an option for the purchase of a second newbuild CJ46 jackup from PaxOcean. The newbuild jackup, to be named the Noble Johnny Whitstine, was built at ...

Read More »

Transocean Norge to drill for Equinor

Equinor awarded Transocean a contract for drilling six wells on the Norwegian continental shelf (NCS) by use of the Transocean Norge mobile rig. Drilling start-up is scheduled for the summer of 2019. The rig has also been awarded a contract option for drilling four additional wells and is intended for subsequent continuing options. Transocean has previously signed a framework agreement with Equinor. Transocean Spitsbergen was the company’s first rig to be included as per the framework agreement terms, and Transocean Norge will be the second. The services covered by the contract include drilling services such as slop treatment and cuttings handling, and part of the mobilization fee. Transocean will operate the Transocean Norge and has a 33% interest in the joint ...

Read More »

IADC praises Coast Guard withdrawal of decades old offshore proposed regulation

In the 19 September 2018 Federal Register, the U.S. Coast Guard made public its withdrawal of the “Outer Continental Shelf Activities” proposed rule, which was initially published in December of 1999. In response, IADC President Jason McFarland issued the following statement: “The withdrawal of this proposed rule by the U.S. Coast Guard is long overdue. After sitting on the shelf for nearly 20 years, the provisions contained in the proposed rule have long ago been rendered obsolete by an industry that prides itself on embracing technological advances. At IADC, we have advocated for the Coast Guard to withdraw their proposal in order to facilitate an open dialogue regarding regulations that reflect the current state of the industry. We would like to thank ...

Read More »

West Hercules to drill more exploration wells

Seadrill Norway has been awarded a contract for drilling two exploration wells for Equinor in the Barents Sea by use of the West Hercules rig. Drilling is scheduled to start in the spring of 2019. The contract includes options for drilling nine additional wells. The rig is primarily assigned for exploration drilling. The contract is based on a master framework agreement established between Seadrill and Equinor. The rig owner is responsible for integrated drilling services, such as casing running, remote-operated vessel, slop treatment and cuttings handling. “We have already prepared a drilling program for West Hercules, scheduled to start this autumn,” Geir Tungesvik, Equinor’s Senior Vice President for Drilling & Well Services, said. “We are now looking forward to continuing our cooperation ...

Read More »

UT Austin collaborates on self-learning auto driller app

One of the bleeding edge areas in innovation and rig automation taking place is in the field of self-learning drilling programs. The University of Texas at Austin is pioneering the development of a self-learning drilling application designed to find optimal drilling parameters. The algorithm runs on the NOVOS operating system, which was developed by National Oilwell Varco. Dr Parham Pournazari, a research post-doc at UT, described the self-learning drilling program at the 2018 IADC Advanced Rig Technology conference on 11 September in Austin, Texas. Watch DC’s video as Senior Editor Alex Wukman discusses the new application with Dr Pournazari. For more information about the auto driller app, please read the latest article in the September/October 2018 issue of DC.

Read More »

Canrig plans offshore field-test of drill floor robotics

A new generation of electric, drill floor robots can make significant reductions in the time required to perform manual operations on an offshore rig. Canrig Robotic Technologies AS is planning to field-test a new three-robot system on a semisubmersible offshore Norway in December 2018. In laboratory tests, the robots were able to reduce key performance indicators across five manual tasks, from the handling of lifting subs to picking up and laying down of drill pipe, according to Canrig Robotic Technologies AS CEO Lars Raunholt. Mr Raunholt described this new line of next-gen robots at the 2018 IADC Advanced Rig Technology Conference on 11 September in Austin, Texas. Watch DC’s video as Senior Editor Alex Wukman discusses the new technology with Mr ...

Read More »

Gardner Denver releases newest pressure pumping fluid end technology

Gardner Denver Petroleum & Industrial Pumps has launched the pressure-pumping fluid end technology GDNX. “The GDNX follows Gardner Denver’s legacy of product innovation and superior product quality,” Larry Kerr, Vice President/GM, said. “We’re proud to offer our customers a fluid end showcasing a combination of our highest performing components, ensuring a quality product that outperforms and stands up in today’s demanding fracking environment.” GDNX features include: Redline consumables. This series of aftermarket parts extend product life by up to 3.5 times. Superior fatigue life. Patent-pending cross-bore design that reduces operating stress and maintenance intervals by 3.5 times compared with competitors. Compatibility. Fit, form and function of the GDNX are the same as the SGWS series, meaning it’s a direct fit to existing 2250/2500 pumps. Proven Falcon ...

Read More »

Collaboration between operator, service company reduces completion time on deepwater Egina field

By Connor Behrens, Contributor Collaboration and a disciplined process approach helped Halliburton and Total E&P Nigeria to achieve a 60% reduction in lower completion times, standalone screens and open-hole gravel packs on the deepwater Egina field, Ken Johnson, Project Manager for Halliburton, said. The reduction was made between the first and 24th well on the field. Further, upper completion times for the same wells were reduced by 40%, and both lower and upper completion operating effectiveness and run reliabilities were measured at above 97%, Mr Johnson said at the 2018 IADC/SPE Asia Pacific Drilling Technology Conference on 29 August in Bangkok, Thailand. The Egina field was discovered during the early 2000s at water depths greater than 1,500 m (4,900 ft). Project ...

Read More »

Neveu: Enabling mindset, technologies, implementation to lead industry on journey to Drilling 4.0

By Linda Hsieh, Managing Editor, and Alex Wukman, Senior Editor The industry is on the precipice of a paradigm shift, Kevin Neveu, President and CEO of Precision Drilling, said at the 2018 IADC Advanced Rig Technology Conference on 12 September in Austin, Texas. Drilling 4.0 as Mr Neveu called it, will be ushered in with the widespread adoption of big data practices, which will allow drilling contractors to eliminate performance variables and human bias. “Every foot drilled incorporates all the lessons learned from all the previous feet drilled,” he said. “We have to have better wells that are more consistent and more repeatable with lower cost.” One the main challenges the industry faces in its ongoing transition towards a data-driven ...

Read More »

Data analytics, newbuild ERD rig among ConocoPhillips’ drive to improve drilling performance

By Alex Wukman, Senior Editor When ConocoPhillips takes delivery of a newbuild extended-reach drilling (ERD) rig in 2020, the rig will be the largest mobile land rig in North America, according to David Forbes, GM of Global Wells. The new rig will be introduced into the company’s Alaska operations and will be able to drill more than 7 miles away from the pad, Mr Forbes said during his keynote address at the 2018 IADC Advanced Rig Technology Conference, which was held 11-12 September in Austin, Texas. “We’re going to be doubling the capabilities of what we can do now in terms of extended reach,” he said. “The automation we can put on a rig like this is going to be ...

Read More »