The well encountered 30 meters (98 feet) of high-quality, hydrocarbon-bearing sandstone. It is located approximately 365 kilometers northwest off the coast of Luanda and was drilled in 1,100 meters (3,608 feet) of water by the Valaris Limited DS-9 rig. The Bavuca South-1 well is part of the Angola Block 15 redevelopment project. As […]
The subsea execution phase of the project was led by Dana Petroleum Limited (E&P) and TechnipFMC, which saw the EV-01z horizontal development well (drilled in 2021), tied back to Triton via a subsea production line and umbilical services line. Dana also managed the Triton topsides modifications on behalf of Tailwind. The success of the project […]
The well, located about 189 kilometers offshore Suriname in a water depth of 1,140 meters, was successfully drilled to a total of 5,290 meters. It also encountered light oil in the Campanian-aged sedimentary sequence. Post-drill evaluation is ongoing to firm up the potential of the discovered resource. The discovery at the Baja-1 well is […]
The Russia-based management team now owns and operates Halliburton’s former business and assets in Russia under the name BurService LLC, which is independent of Halliburton. Source: Halliburton Save the date for Shallow and Deepwater Mexico October 11-13, 2022 in Ciudad del Carmen, Campeche. Visit our website for the latest news in Offshore O&G […]
President and CEO Anton Dibowitz said, “The Valaris management team and Board remain focused on continued execution against our strategic priorities, maximizing earnings and free cash flow, and capitalizing on opportunities as they arise. This share repurchase authorization provides the flexibility to return capital to shareholders over time opportunistically.” The $100 million authorization does […]
On 15 July 2022, Algeria announced that starting from the second half of July 2022 it will supply 4 billion cubic meters of gas to Italy. Algeria is one of the key sources of gas imports and this decision reflects the deep-rooted historical ties with the country. April 2022, Eni’s Chief Executive Officer, Claudio […]
Sarawak Energy Berhad (SSB) (80%, Operator), a subsidiary of Shell plc, together with PETRONAS Carigali Sdn Bhd (20%), has taken a final investment decision (FID) to develop the Rosmari-Marjoram gas project. Rosmari-Marjoram fields are situated 220 kilometres (km) off the coast of Bintulu, Sarawak, Malaysia and will be powered by renewable energy, using solar […]
PETRONAS signed a Memorandum of Understanding (MoU) with Argentina’s largest integrated oil and gas company, YPF to pursue collaboration in Argentina in an integrated LNG project and other areas, including upstream oil, petrochemicals, and clean energy solutions. In addition to the MoU, YPF and PETRONAS’ operating entity in Argentina, PETRONAS E&P Argentina S.A. executed […]
The award will increase the Lower Zakum field’s gas production capacity from 430 million to 700 million standard cubic feet per day (MMSCFD), supporting ADNOC’s plans to enable gas self-sufficiency for the UAE and cater to increasing global energy demand. The Engineering, Procurement and Construction (EPC) contract was awarded by ADNOC Group Offshore to National […]
🔹Three-well contract with Eni Mexico S. de R.L. de C.V. offshore Mexico for semisubmersible VALARIS DPS-5. The contract is expected to commence in the fourth quarter of 2022 and has an estimated 240 days. The operating day rate is $313,500, plus approximately $1.2 million mobilization fee. 🔹Four-well contract extension with a duration in the […]
