Industry News

Reliance Industries has awarded a binding Letter of Award to Transocean for the Dhirubhai Deepwater KG1 for six wells offshore India. The estimated 300-day program is expected to commence in the second quarter of 2026 and is estimated to contribute approximately $123 million in backlog, excluding additional services and a mobilization fee.The award also includes multiple options. If all options are exercised, the rig would remain in India through the end of 2029.（2024-09-06）

PetroTal commenced drilling Well 20H at the Bretaña field on July 26, 2024. The 20H well has allowed for the evaluation and testing of the upper Vivian formation sand (VS1), which for the first time will be jointly completed with the main Vivian 2 (VS2) sand.For background, the Vivian formation at Bretaña consists of two primary sand bodies. So far, PetroTal has only produced from the VS2 sand, where permeability is an order of magnitude greater than the VS1 sand. As of year-end 2023, Netherland, Sewell and Associates, Inc. estimated that about 20% of the 442 million barrels of 2P

Harbour Energy has completed the acquisition of the Wintershall Dea asset portfolio, comprising all of Wintershall Dea’s upstream assets. The acquisition has an effective date of 30 June 2023.Following completion, Harbour is producing c.475,000 barrels of oil equivalent (boe) per day with significant production in Norway, the UK, Argentina, North Africa and Germany.Harbour benefits from competitive operating costs and resilient margins as well as a 2P reserve base of c.1.5 billion boe, underpinning material and sustainable free cash flow. In addition, Harbour has c.1.8 billion boe of 2C resource. These resources include near-infrastructure opportunities in Norway, unconventional scalable opportunities in

The Sinjhoro Block joint venture has made a gas condensate discovery at the Baloch-2 well in the exploratory zone of Sembar Formation located in District Sanghar, Sindh Province, Pakistan.Baloch-2 well was spudded-in on February 24, 2024 and drilled down to total depth of 3920 m TVD in Sembar Formation as an exploratory effort by operator Oil & Gas Development Company Limited (OGDCL), with in-house evaluation and technical support from its JV partners Orient Petroleum and GHPL.Based on the results of wireline logs interpretation, Drill Stem Test-3 in the Sembar Formation has tested 6.8 million standard cu ft per day of

Khalda Oil Company, the joint venture of the Apache Corporation and the Egyptian General Petroleum Corporation, has announced the discovery of new oil in the West Fewebs-1 area.The test was carried out at a 270-ft well drilling into the Paleozoic sand in the Kalabsha Development Area of the Western Desert. The recovery on a 1-in production opening was 7,165 barrels of oil per day (boepd) with a quality of 44 degrees, and 23 million cu ft of associated gas.The electrical records of the well has proven the presence of hydrocarbon in the Paleozoic component with a total net thickness of

SLB has launched a well integrity assessment solution that helps carbon storage developers quantify the risks associated with wells at prospective storage sites with previous drilling activity.Carbon capture, utilization and storage (CCUS) provides one of the most immediate opportunities for reducing emissions. Establishing secure storage sites is essential to enabling growth of CCUS and creating a low carbon energy ecosystem. SLB’s methodology for quantifying the probability and potential impact of carbon leakage helps customers understand the risks associated with each well, informing remediation strategies and ultimately estimating the project’s long-term viability.SLB’s well integrity assessment solution incorporates advanced failure mode effect

Velesto Energy has announced that it has completed its Mandatory Five Yearly Special Periodical Survey (SPS) for NAGA 2. The rig had been drydocked in Singapore since 24 June 2024. It will subsequently head to Sarawak, where it will start on a development drilling campaign.In addition, Velesto has received a Letter of Award for NAGA 3 from Thang Long Joint Operating Company. NAGA 3 is expected to be working in Vietnam from September to November 2024.Velesto’s President, Megat Zariman Abdul Rahim said, “We are pleased with both positive developments. NAGA 2 completing its SPS on time allows the rig to

INPEX announced that its subsidiary INPEX Browse was awarded an exploration permit over Release Area AC22-1, now named AC/P71 (the Block) in Australia’s 2022 Offshore Petroleum Exploration Acreage Release. INPEX Browse will be Operator and hold 100% working interest in the title.The Block is located off the northern coast of Western Australia and covers a surface area of approximately 920 sq km, in water depths ranging between approximately 100-300 m. INPEX Browse will pursue exploration activities as per the title obligations.The Block is adjacent to the AC/RL7 Retention Lease, in which INPEX acquired a 74 percent participating interest in 2023