From contracts to products, below is a compilation of the latest headlines in the E&P space.
Contracts and company news
Deepwater Asgard Extended for GoM Work
Transocean Ltd. said April 1 it has won a 365-day contract extension valued at $195 million for the Deepwater Asgard from an independent operator in the U.S. Gulf of Mexico. The program is expected to start in June 2024 in direct continuation of the rig’s current program, and includes additional services.
Halliburton Launches New Diverter
Halliburton Co. announced April 3 it has added the SuperFill II diverter to its SuperFill surge reduction equipment portfolio. The SuperFill II diverter redirects fluid flow to minimize frictional pressure loss through the length of the landing string and helps maximize casing running speed. The operating glass seat provides an open internal flow path with no restrictions once the diverter is closed.
Because its glass ball seat leaves no debris after activation, there are no ID restrictions that limit use with additional downhole tools, the service company said.
According to Matt Lang, Halliburton’s vice president for cementing, the SuperFill II diverter is compatible with the industry’s liner and subsurface release plug systems.
DeepOcean Snags Equinor Frame Agreement
Equinor has awarded DeepOcean a four-year frame agreement for marine services on the Norwegian Continental Shelf, DeepOcean said on April 4. The deal, which has options for four more years, covers subsea intervention and repair contingency for subsea pipelines, structures and high voltage cables for both offshore oil and gas fields and renewables.
DeepOcean will manage the contract delivery out of its office in Haugesund, Norway, supported by the company’s international operations wherever required.
Recommended Reading
CNOOC Makes 100 MMton Oilfield Discovery in Bohai Sea
2024-03-18 - CNOOC said the Qinhuangdao 27-3 oilfield has been tested to produce approximately 742 bbl/d of oil from a single well.
TPH: Lower 48 to Shed Rigs Through 3Q Before Gas Plays Rebound
2024-03-13 - TPH&Co. analysis shows the Permian Basin will lose rigs near term, but as activity in gassy plays ticks up later this year, the Permian may be headed towards muted activity into 2025.
Proven Volumes at Aramco’s Jafurah Field Jump on New Booking Approach
2024-02-27 - Aramco’s addition of 15 Tcf of gas and 2 Bbbl of condensate brings Jafurah’s proven reserves up to 229 Tcf of gas and 75 Bbbl of condensate.
Well Logging Could Get a Makeover
2024-02-27 - Aramco’s KASHF robot, expected to deploy in 2025, will be able to operate in both vertical and horizontal segments of wellbores.
Shell Brings Deepwater Rydberg Subsea Tieback Onstream
2024-02-23 - The two-well Gulf of Mexico development will send 16,000 boe/d at peak rates to the Appomattox production semisubmersible.