Greka bags $45m contract
Greka Drilling has been awarded a $45m contract for further work on a project in China. The venture will see 30 new LiFaBriC wells in the Shizauang South block in the Shanxi Province of China.
drilling
Talisman terminates Archer rig contract early
Drilling company Archer has received an early termination notice from Talisman Sinopec Energy UK for its modular rig. The Archer Emerald had been contracted out by the company in a two-year contract deal worth $96million and was scheduled to begin in the first quarter of 2016.
Egdon Resources wins planning approval for UK drilling
Egdon Resources has received planning consent from Lincolnshire County Council for drilling and testing of the North Kelsey-1 exploration well. The project is located 10 kilometres to the South of the Wressle-1 discovery well in PEDL180. The company said the prospect is defined on 3D seismic data and has the potential for up to four stacked reservoir intervals in the Chatsworth, Beacon Hill, Ravensthorpe and Santon sandstones.
Rig scrapping imperative as drilling market dips
It is now abundantly clear the offshore drilling markets have slithered into a serious downturn, according to offshore research analysts at RS Platou. In a nutshell, they warn that around 120 rigs need to be scrapped to prevent a prolonged downturn in the fortunes of drilling contractors. They say: “Our current estimates point to active utilisations for jack-ups moving to 82% and even lower for floaters (75%) by 2016.
Jupiter Energy considers legal action over licence delay
Jupiter Energy is considering legal action over a delay in one of its licence extension applications in Kazakhstan. The company applied for a number of production licences to be continued and has been granted all but one. Its application for an extension on licence J-50 is being held by the Kazakh Committee of Geology, pending resolution for the allocation of reserves within the well.
Jupiter Energy to continue drilling in Kazakhstan
Kazakhstan-focused Jupiter Energy will begin drilling one of its wells in its East Akkar field. Well 19, sits between the J-51 AND J-52 wells, both of which have been producing oil under trial production licenses.
Infographic: Decommissioning in North Sea will cost £10billion in next eight years
The cost for operators to decommission rigs in the North Sea is expected to cost around £10 billion in the next eight years. Acteon company, Claxton, has created an infographic showing all the costs involved with decommissioning in the region.
Stone Energy secures record rig for drilling in the Gulf of Mexico
US-based Stone Energy has secured a rig for a multi-year deep water drilling program in the Gulf of Mexico. The primary contract term for the ENSCO 8503 drilling rig will be for 30 months and is expected to commence during the second quarter of 2015.
Pacific Energy completes drilling on Wattenberg Asset
Pacific Energy Development has completed the drilling of three back-to-back wells and has started work on a second trio of wells.