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Oil & Gas Drilling News

 

Timor-Leste: Chuditch-2 Well to be Drilled at New Location Following Site Surveys

Apr 18, 2024

SundaGas Banda Unipessoal, a wholly-owned subsidiary of UK oil and gas company Baron Oil, has selected a new location for the Chuditch-2 appraisal well offshore Timor-Leste.SundaGas has been conducting site survey work in the Timor Sea over the last two months at the planned drilling location for the Chuditch-2 appraisal well.The objective of the surveys was to identify hazards at a proposed well site…

Valeura Starts New Drilling Campaign at Nong Yao Offshore Thailand

May 28, 2024

Canada-based oil and gas company Valeura Energy has started development drilling operations at Nong Yao C extension, having completed the infill drilling campaign at Nong Yao A, offshore Thailand.Valeura has drilled two production-oriented horizontal wells at the Nong Yao A wellhead platform…

Into the Deep: Offshore Production Increasingly Finds Deeper Waters

May 08, 2024

Offshore energy is on a growth trajectory. Rystad Energy wrote in February 2024 that upstream oil majors were diving in to deeper waters. “Despite tightened budgets, frontier drilling is fueling optimism for a productive year, particularly deepwater projects in the Atlantic Margin…

Valeura Makes Three New Oil Discoveries in Gulf of Thailand

Apr 15, 2024

Canada-based oil and gas company Valeura Energy has made three oil discoveries as part of the exploration campaign in the Gulf of Thailand - one in the Nong Yao D area, and two in the north-east portion of the Wassana concession.The Nong Yao-13 well…

Borr Drilling Nets Close to $160M in Fresh Contracts for Three Jack-Ups

Apr 09, 2024

Offshore drilling contractor Borr Drilling has secured work for three of its premium jack-up rigs, bringing in $158.6 million to the company.The new contracts are for the Prospector 1, Gunnlod, and a rig to be determined.  The commitments total 820 days and $158…

Petronas Books Three Velesto’s Jack-Up Rigs

Mar 26, 2024

Petronas Carigali (PCSB), a subsidiary of Malaysian state-owned energy company Petronas, has booked three jack-up rigs from Velesto for drilling operations off the coast of Malaysia.The contract with Petrobras is for three Velesto’s jack-ups – Naga 2…

CNOOC Makes Major Oil Discovery in Bohai Sea

Mar 18, 2024

China’s state-run China National Offshore Oil Corporation (CNOOC) has made major oilfield discovery in Bohai Sea, which adds over 100 million tons of oil equivalent proved in-place volume.The field, Qinhuangdao 27-3, is located in the north-central waters of the Bohai Sea…

Blackford Dolphin Scoops $154M Drilling Contract with Oil India

Mar 15, 2024

Offshore drilling contractor Dolphin Drilling has secured a $154 million drilling contract from Oil India for its Blackford Dolphin semi-submersible drilling rig.Under the terms of the final agreement, Dolphin Drilling will deploy the Blackford…

Noble Viking Drillship Secures $80M Drilling Campaign with Prime Energy

Mar 15, 2024

Offshore drilling firm Noble Corporation has secured a new contract with Prime Energy for its drillship Noble Viking, which will be employed on a three well drilling campaign on Malampaya-Camago field, offshore Philippines.The contract also includes an additional one-well option…

CNOOC Finds Oil in South China Sea Deepwater Field

Mar 08, 2024

China’s state-run China National Offshore Oil Corporation (CNOOC) has made a major oilfield discovery in deepwater area of South China Sea, named Kaiping South, adding over 100 million tons of oil equivalent proved in-place volume.The Kaiping South Oilfield is located in the eastern South China Sea…

Are North Sea Jack-Ups Set for Flat 2024?

Feb 21, 2024

Global jack-up marketed utilization has been on an upward trajectory since 2017, reaching its peak of 94% at the end of 2023. However, the outlook for the year ahead looks somewhat flat, though there is still time for new demand.The North Sea jack-up market has improved year-on-year since 2017…

Valeura Buys Nong Yao Field’s FSO Aurora and Expands Wassana Drilling Campaign

Feb 13, 2024

Valeura Energy has bought the Nong Yao field’s FSO Aurora for $19 million, and expanded the drilling program at its Wassana field in light of favorable initial results.In a February 13 update shared by the company, Valeura said it had exercised…

Borr Drilling Secures $82M for Three Jack-up Rigs

Feb 12, 2024

Offshore drilling contractor Borr Drilling has secured contract commitments totalling 495 days and $82.2 million in revenue for three of its jack-up rigs, excluding mobilization and demobilization compensation.Firstly, BW Energy has extended…

CNOOC’s Oil Field in Bohai Sea Starts Production

Feb 05, 2024

China's state-run offshore oil and gas explorer and producer CNOOC has started production from its Suizhong 36-1/Luda 5-2 discovery, located in Liaodong Bay of Bohai Sea.The main production facilities include two new central processing platforms and two new wellhead platforms…

T7 Global's MOPU Set for Work at Valeura’s Gulf of Thailand Field

Feb 02, 2024

Malaysian energy industry services provider T7 Global has unveiled the newly-converted mobile offshore production unit (MOPU) which is scheduled to start working at Valeura Energy's Nong Yao C development offshore Thailand.The MOPU has been…

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