Maersk Oil Qatar (MOQ) and Gulf Drilling International (GDI) have signed two new contracts; one two-year contract for the GDI jack-up drilling rig (rig B-341), and another three-year contract for a new GDI offshore accommodation jack-up. The…
Following Mitsui’s decision to divest its 35% share of the project, AWE Limited, New Zealand Oil & Gas, and Pan Pacific Petroleum, via their subsidiaries, will increase their respective interests in the Tui area oil project for $US14.9 million…
Noble Energy, Inc. has downgraded the gross resource potential of its A-2 appraisal well, drilled on the Block 12 discovery offshore the Republic of Cyprus. With the reserve potential initially set between 5-8Tcf, the company has now lowered its figures to 3…
Dubai-based Dragon Oil plc has leased two LeTourneau S116E jackup rigs from BKE Shelf Ltd to use in its Cheleken Contract Area, offshore Turkmenistan. The Neptune and Mercury have been contracted for a period totaling three years. Neptune…
Lundin Norway AS confirmed a significant oil find in its Ghota discovery following the completion of a successful flow test of exploration well 7120/1-3, which proved gas flow at a rate of approximately 4,300 b/d. The test showed good production…
BG Group successfully completed a drill-stem test in the Pweza gas field in block 4 off southern Tanzania. The Pweza-3 appraisal was drilled approximately 2km north of the original Pweza discovery well by the Deepsea Metro-1 drillship in 1400m of water…
Baker Hughes Inc. announced the availability of its StayCool™ multidimensional cutter, which helps operators drill to total depth faster and more cost effectively by extending cutter life and footage per run. Used exclusively on the Hughes…
Salamander Energy plugged and abandoned its offshore Ayutthaya exploration well prospect in Block G4/50 in the Gulf of Thailand as a dry hole. Ayutthaya is located less than 1 mi. northeast of the recent Surin oil discovery. The well was spud earlier this month…
Drilling has begun on Houston-based BPZ Energy's A-18D development well at the Albacora field platform, located off Peru in Block Z-1. Drilling and completion is expected to take up to 12 weeks. Targeted depth of the well will be approximately 12…
W&T Offshore announced that it has acquited 20% interest in the Noble Energy's Dantzler prospect in the deepwater Gulf of Mexico. The Dantzler prospect is located in Mississippi Canyon blocks 738/782 off Louisiana. Noble has begun drilling…
Lundin Norway AS struck a 6m (20 mi.) oil column through completion of Johan Sverdrup (formerly Avaldsnes/Aldous) appraisal well 16/5-4, located in the southwestern part of PL501. The discovery found an oil-filled reservoir section of excellent quality sand with a very high net-to-gross ratio…
Schlumberger announced today the release of the MicroScope high-definition (HD) imaging-while-drilling service. The MicroScope HD service provides logging-while-drilling (LWD) imaging for reservoir description to enable detailed fracture…
Diamond Offshore Drilling, Inc. has announced that Lawrence R. Dickerson, President and Chief Executive Officer, has decided to retire after more than 30 years of service. 'I have had the pleasure of knowing and working with Larry for the past 25 years…
Statoil ASA is extending its production stoppage in the Njord oilfield, located in the Norwegian Sea, to reinforce a drilling platform. Production was originally halted on July 27 due to some small deformations found in some beams and other structural elements in the deck framing…
Statoil ASA discovered between 300-600MMbo recoverable in its first Bay du Nord exploration well, located 500km (310 mi.) northeast of St. John’s, Newfoundland. 'It is exciting that Statoil is opening a new basin offshore Newfoundland…