Offshore Shallow Water News

Maersk Drilling, Aker BP in Jack-Up Rig Swap Deal

Jan 17, 2022

Danish offshore oil and gas drilling company Maersk Drilling and the Norwegian oil company Aker BP have entered into a rig swap agreement .Under the agreement, the jack-up rig Maersk Reacher will be replaced by the low-emission jack-up rig Maersk…

Masirah Oil: Yumna Offshore Oil Field Produced 8,440 stb/d in December

Jan 11, 2022

Masirah Oil, a 91.81 percent subsidiary of Rex International, said Monday that gross oil output from the Yumna Field in offshore Block 50 Oman,  in December 2021 amounted to 8,440 stock tank barrels per day (stb/d).'Production was choked back…

Offshore Oilfield Cluster Bohai Becomes China's Largest Oil Producer

Jan 11, 2022

China's offshore oilfield cluster Bohai, run by state-run CNOOC Ltd, has become the country's largest crude oil producer with output hitting 30.132 million tonnes (602,640 barrels per day) in 2021, state news agency Xinhua reported.Bohai field…

Frustrating but Necessary: Challenging Seabed Conditions Force IOG to Move Drilling Rig Off Southwark Site

Jan 10, 2022

UK North Sea-focused oil and gas company IOG has hit a setback with the Southwark project drilling and has to move the Noble Hans Deul rig jack-up rig from the Southern North Sea drilling site due to the challenging seabed conditions.As previously reported…

2021: The Year The Offshore Rig Market Turned The Corner?

Jan 06, 2022

The 2020 offshore drilling rig market wasn't exactly a hard act to follow, but 2021 proved to be a pivotal turning point for the industry despite ongoing challenges with the Coronavirus pandemic and the intensifying energy transition. Presented with no further comment…

30 Million Tons of Oil: Production Milestone for Lukoil's V. Filanovsky Caspian Sea Field

Dec 23, 2021

The Vladimir Filanovsky offshore field in the Caspian Sea, operated by Russian oil and gas giant Lukoil, has produced more than 30 million tonnes of oil, according to the company.In 2021, the field saw five development wells built (including…

100,000 Barrels: First Lifting of Oil Completed at Yme Offshore Field, OKEA Says

Dec 22, 2021

The first lifting of oil from Repsol's Yme field in the North Sea, offshore Norway, was completed Wednesday, OKEA, a partner in the project, said.'A total volume of 100,000 barrels was lifted, of which OKEA will be allocated 15,000 barrels.…

GMS Bags Two Deals for E-Class Jack-ups

Dec 21, 2021

GMS, a provider of jack-up service vessels for the offshore energy industry, has secured two new contracts for its E Class vessels.One E Class (Large Class) award includes a 6-month contract including options, for an unnamed renewables client in northwest Europe…

Carnarvon Faces Another Buffalo Drilling Start-up Delay

Dec 13, 2021

Australian oil and gas firm Carnarvon Energy expects to spud its Buffalo-10 well in the Timor Sea in late December and not in mid-December as previously expected.The company said Monday that the Valaris JU-107 jack-up drilling rig was 'still on its current operations…

Saudi Aramco Awards Three Offshore EPCI Contracts to McDermott

Dec 07, 2021

Offshore construction and installation company McDermott has secured three new deals with Saudi oil giant Saudi Aramco.The contracts are for engineering, procurement, construction, and installation (EPCI) projects in Saudi waters.'In total,…

Udenna: Philippines' Malampaya Gas Project can be Extended for Several Years

Dec 06, 2021

The life of the Philippines' Malampaya natural gas field, which had been projected by the government to run dry by 2027, can be extended for several more years, the president of Udenna Corp, which now controls the project, said on Monday.'We…

Maersk Drilling, Petrogas Pen UK North Sea Drilling Deal

Dec 01, 2021

Offshore drilling company Maersk Drilling and oil firm Petrogas North Sea have exercised the previously agreed exclusive option to employ the harsh-environment jack-up rig Maersk Resilient to drill an appraisal well at the Birgitta field in the UK sector of the North Sea…

PTTEP Finds More Gas in Block SK417 Offshore Malaysia

Nov 30, 2021

Thai oil company PTTEP said Tuesday it had made a gas discovery at Nangka-1, its second exploration well in Block SK417, offshore Malaysia. The block is located in the shallow waters of Baram Province, around 180 kilometers off the coast of Sarawak…

Seplat Looking to Buy Exxon's Shallow Water Fields in Nigeria

Nov 29, 2021

Nigeria's Seplat Energy along with a partner is in talks to buy ExxonMobil's shallow-water oilfields in the African nation, the company said on Monday, cautioning there was no certainty about the outcome.In recent years, Exxon has been exiting…

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