West Africa focused explorer FAR says it has identified 1.1 billion barrels of resources in its two blocks offshore The Gambia. The blocks A2 and A5 contain combined estimated prospective resources of 1.1 billion barrels (unrisked, best estimate…
Norwegian oil firm Aker BP (Aker BP) has agreed two drilling and well alliance agreements for its assets in the Norwegian sector. One is with Maersk Drilling and Halliburton for use of jackups, and one is with Odfjell Drilling and Halliburton for semisubmersibles…
Statoil has confirmed a three-year extension to its contract with Archer for platform drilling management services on the Peregrino A and B platforms offshore Brazil. The extension awarded is the second of the two options included in the original four year contract which commenced in 2009…
Rosneft, part of the Sakhalin-1 Consortium, has successfully completed drilling of the world's longest well, from Orlan platform at Chaivo field in the Sea of Okhotsk. The well, with horizontal completion, is 15000m-long (15km). Rosneft…
Aker BP has been given approval to drill exploration well 24/9-12 S on production license 340 in the Norwegian North Sea. The well, due to spud this month, will be drilled in about 120m water depth using the Transocean Arctic semisubmersible drilling rig of the Marosso 56 type…
OMV Norge is expected to start drilling on the Hades & Iris prospect in production licence 644 in the Norwegian Sea early next month (December) following approval from the Norwegian Petroleum Directorate for well 6506/11-10. Drilling…
Canadian Overseas Petroleum says it and its partner ExxonMobil on block LB-13, offshore Liberia, West Africa, are to relinquish the block. The two have elected not to enter into third exploration period and surrendered their rights to the LB-13 license…
Australian operator Northwest has signed a contract with ENSCO for use of the ENSCO 10 jackup to drill the Dorado-1 exploration well in exploration permit WA-437-P in the North West Shelf of Australia, according to partner Carnarvon Petroleum…
Halliburton business Sperry Drilling announced today (13 November) the release of JetPulse high-speed telemetry service, which provides consistent, high-data rate transmission of drilling and formation evaluation measurements. This new telemetry…
Baron Oil is to relinquish Block Z-34, which has been in Force Majeure since 2014, offshore Peru. In such a situation, the Z-34 partners are entitled to exercise their right to relinquish Block Z-34 and to request that a $3.6 million work program guarantee bond be released…
US drilling contractor Nabors Industries is nearing completion of its its acquisition of Tesco Corp. following anti-trust clearance from the US Department of Justice and the Canada Competition Bureau. An approval process with the Federal…
UK-based oil and gas exploration minnow i3 Energy says drilling is expected to start on its North Sea Liberator development in 1H 2018. The firm says 2P reserves on the field have been increased from an estimate of 11.7 MMboe, re-classified from 2C resources of 9…
Eco (Atlantic) Oil & Gas is plannig to drill a well on its Osprey prospect in the Cooper Block (PEL30) in the Walvis Oil Basin, offshore Namibia. Osprey is in about 500m water depth and has had several thousand kilometers of 2D seismic and a 3D survey…
Nexen Petroleum UK has awarded Maersk Drilling a contract for the drilling of three wells and options for nine additional wells at the Buzzard field in the Central North Sea. The drilling campaign is for the Buzzard Phase II Development Project and is planned to commence around July 2018…
Siccar Point Energy is moving forward with plans to develop the Cambo field, 125km northwest of Shetland in the UK North Sea. The development concept will be focused on a two-phase approach, according to Baker Hughes, a GE Company…