Offshore Drilling News - page 8

Lundin Gets OK for Barents Sea Wildcat

Feb 18, 2020

Lundin Norway has received regulatory consent from the Norwegian Petroleum Directorate to drill an exploration well in the License 609 in the Barents Sea.Lundin will use the West Bollsta semi-submersible drilling rig for the operation. Lundin operates the block with a 40 percent ownership…

Posco Strikes Gas Offshore Myanmar

Feb 18, 2020

South Korea's Posco International has made a gas discovery at the Mahar well offshore Myanmar.Located in Block A3, the well was drilled using the Maersk Viking drillship in a water depth of 1000 meters.The Korea Herald has reported that the…

Transocean Drilling Revenues up at $792M

Feb 18, 2020

Transocean, the world's largest offshore drilling contractor, said that its total contract drilling revenues were $792 million (total adjusted contract drilling revenues of $839 million), compared with $784 million in the third quarter of 2019…

Eni Strikes Oil Offshore Mexico

Feb 17, 2020

Italian oil company Eni has made an oil discovery in the Sureste Basin offshore Mexico. Eni said that the preliminary estimates showed the discovery might hold between 200 and 300 million barrels of oil in place.Saasken-1 NFW well, which has led to the discovery…

Five Oil Majors Sign Offshore Exploration Deals in Egypt

Feb 17, 2020

Egypt has reached initial agreements with five major energy firms to explore for oil and gas in deep waters off its western coast on the Mediterranean, the petroleum minister said, the first such deals in that offshore region. The five companies are Royal Dutch Shell…

Borr in New Financing Deal for Newbuild Jack-Up Rig

Feb 17, 2020

Jack-up rig operator Borr Drilling has entered into a new financing arrangement for the newbuild jack-up rig Tivar.The drilling rig of the KFELS Super B Bigfoot Class is under construction at KFELS shipyard in Singapore and set for delivery in July 2020…

Karoon's Marina-1 Well Offshore Peru Disappoints

Feb 17, 2020

Karoon Energy's Marina-1 deepwater exploration well, in the Z-38 license offshore Peru, has come up dry and will be plugged and abandoned.Tullow, Karoon's partner in the project said Monday that the well had reached Total Depth 'and has not encountered significant hydrocarbons…

Offshore Accounts for 60% of Oil Discoveries

Feb 16, 2020

Offshore discoveries accounted for more than 60% of global discoveries in 2019, up significantly on previous years, according to a study by GlobalData.GlobalData report reveals that while Colombia and Norway saw the highest number of discoveries drilled in 2019…

Schlumberger Wins P&A Work with Well-Safe

Feb 14, 2020

The UK offshore decommissioning specialist Well-Safe Solutions has awarded 'significant work scope' to Schlumberger for the provision of Plug and Abandonment Well Services.The company, formed in 2017, said the Schlumberger scope included the supply of cementing service…

'Good Progress' with Liberator, Serenity Farmout, i3 Says

Feb 14, 2020

UK based oil firm i3 Energy has said it is making progress with efforts to farm out some of the ownership in its North Sea assets, ahead of the planned drilling this summer. The company, operating the Liberty field and Serenity discovery in the UKCS…

Egypt: Vantage Drilling to Train Local Workforce

Feb 14, 2020

Vantage Drilling has signed an agreement in Egypt to train local workforce in the space of offshore drilling.A Memorandum of Understanding has been signed by Ihab Toma CEO of Vantage Drilling, Osama El Bakly, Chairman of Egyptian Natural Gas…

Several Firms Show Interest in Barryroe, Providence Says

Feb 13, 2020

Ireland-focused oil company Providence Resources is on the lookout for a new farm-in partner for its Barryroe field following a botched farm-in saga with China's APEC.Providence said Thursday that its subsidiary Exola DAC, which is the operator…

Neptune Energy Takes Gulf of Suez Block

Feb 12, 2020

Exploration and production company Neptune Energy has acquired an offshore license in the Gulf of Suez, Egypt, committing to carry out seismic surveys and to drill an exploration well during the first phase of the license.Neptune said that the…

CNOOC Brings Bozhong 34-9 Field Online

Feb 12, 2020

China National Offshore Oil Company (CNOOC) has started oil production from its Bozhong 34-9 offshore oil field.The field, sitting in the south of the Bohai Sea in water depth of 18 meters, will at plateau produce 22,500 barrels of oil per day…

Pacific Drilling Working on Samsung Rig Case Appeal

Feb 12, 2020

Offshore drilling rig operator Pacific Drilling is working to appeal a recent ruling according to which the company must to pay $320 million to rig builder Samsung Heavy Industries.As previously reported by OEDigital, a London arbitration tribunal…

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