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Production from the Golfinho license in the Espírito Basin offshore Brazil has been impacted recently by reduced gas-lift compressor uptime from the GLF-28 well, operator BW Energy said in an update. However, the well is now back online following ROV intervention, with a program underway to improve reliability. During August, the company plans a 12-day shutdown on... Continue Reading →
(OE) Oilfield services firm Archer has entered into an agreement with Air Drilling Associates to acquire its managed pressure drilling (MPD) subsidiary ADA Argentina. ADA provides MPD services to Archer's largest customers in the Vaca Muerta basin in Argentina. MPD is an adaptive drilling process used to precisely control the annular pressure profile throughout the... Continue Reading →
(OE) Offshore drilling company Valaris has secured approximately $715 million in new contracts and extensions since its last fleet status report issued three months ago. Contract backlog of $715 million excludes lump sum payments such as mobilization fees and capital reimbursements, according to Valaris, which marked contract backlog increase to approximately $4.3 billion from approximately... Continue Reading →
(OE) Offshore drilling contractor Borr Drilling has secured contracts for three of its premium jack-up drilling rigs, which will be put to work in Brazil, Malaysia and Gabon. These contract and extensions for Borr Drilling’s Arabia I, Gunnlod and Norve jack-ups cover a total of 1,779 days and $332 million in contract revenue, including mobilization... Continue Reading →
(OE) Slovakia-based drilling specialist GA Drilling has entered into a technical cooperation program with Brazil’s state-owned oil and gas giant Petrobras to deliver more efficient deep drilling system. In cooperation with Cenpes, Petrobras’ research, development, and innovation center, the partnership aims to bring a next-generation downhole drilling system to fruition, expected to significantly reduce well... Continue Reading →
(PN) Petrobras intends to save up to US$100 million annually by partially automating its fleet of drilling rigs by 2030. The objective is to reduce the average drilling time of offshore wells, bringing financial, safety and environmental benefits. By optimizing the use of rigs in well drilling, automation could reduce, after 2030, around 30 thousand... Continue Reading →
(OE) Oilfield services firm Archer has been awarded a two-year contract for platform drilling services for Equinor in Brazil. The contract will commence in November 2024 in direct continuation of Archer’s current contract for drilling operations and maintenance on Equinor’s Peregrino A & B platforms and includes an optional two-year extension period. The estimated firm... Continue Reading →
(OilNow.gy) ExxonMobil’s Hammerhead development will be a “stand alone” project, according to the summary submitted to Guyana’s Environmental Protection Agency (EPA). Potentially, additional resources can be tapped, if determined to be feasible and economically viable, the document read. The proposed project will be located in the south central portion of the Stabroek Block, 160 kilometers (km) from... Continue Reading →
(Reuters) - Exxon Mobil Corp plans to drill up to 30 wells as part of its seventh oil project in Guyana, named Hammerhead, according to the development plan proposed by the company and disclosed by the government on Monday. The project, which is pending government approval, would start production in 2029, lifting the country's capacity to... Continue Reading →
(PN) Petrobras began drilling a new pioneer well offshore in block ES-M-673, in the Espirito Santo Basin. Named 1-BRSA-1393-ESS, the well is in a water depth of 2,848 meters. The activity is being carried out with the Norbe IX drillship, owned by Foresea. Block ES-M-673 was acquired by Petrobras in 2013, during the 11th Bidding... Continue Reading →
Brazil Energy Insight 