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Month: January 2021

Sonatrach to Invest $40 Billion over 5 Years in Exploration and Production

January 6, 2021
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Algeria’s national hydrocarbons company, Sonatrach, announced that it intends to implement an investment plan of $40 billion over five years (51% in Dinars). The investments will target new production start-ups and the ramp-up of several exploration and production operations, according to CEO Toufik Hakkar. In a message sent on the occasion of the New Year 2021, Mr. Hakkar

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ExxonMobil Guyana kicks off drilling in Canje

January 6, 2021
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Westmount Energy Limited has highlighted the start of drilling operations at the Bulletwood-1 well, part of the Canje exploration project offshore Guyana. The group said it fires the starting pistol on an exciting and potentially game-changing period for the small-cap oil investor. Westmount indirectly holds an interest in ExxonMobil-operated Canje, via a 7.2% shareholding in JHI Associates Inc (which in

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Ocyan wins Mero tender with Norbe VIII

January 6, 2021
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After a long period of negotiations and a lot of market expectations, Ocyan won Petrobras’ tender for chartering a rig exclusively dedicated to the Mero field, in the Santos cluster. Drill ship Norbe VIII should start operating in the second quarter Petrobras and Ocyan do not reveal details of the bid result. Source: PetroleoHoje Join our mailing list here

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Arctic refuge oil rights sale a go ahead

January 6, 2021
| Archives

The Trump administration’s sale of oil drilling rights in the Arctic National Wildlife Refuge will go forward Wednesday, after a federal judge rejected a request by environmentalists to block the auction. The decision is a victory for the administration, which has been racing to issue oil leases in the refuge’s coastal plain before the Jan. 20 inauguration of

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ReconAfrica readies rig in Kavango Basin

January 5, 2021
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Reconnaissance Energy Africa Ltd. provided an operations update as it prepares to drill the deep Kavango Basin in the Kalahari Desert of North East Namibia and North West Botswana. The well-site for the first well (6-2) in the Kavango basin and the associated camp were completed, on schedule, in mid-December. Utilizing a smaller local rig, the initial leg

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Trident Energy books three wells offshore Equatorial Guinea

January 5, 2021
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The Ministry of Mines and Hydrocarbons announced it will see three exploration wells drilled in Trident Energy-operated Block G in 2021, along with refurbishment and well intervention works across other assets. Trident Energy will drill three wells in Block G starting in April 2021. Each well will take 33 days to complete. Block G located 15 km offshore

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Santos grabs Noble Tom Prosser for a Q2 spud in

January 5, 2021
| Archives

Santos, as operator of the Bayu-Undan Joint Venture, today announced a Final Investment Decision for the US$235 million Phase 3C infill drilling program at the Bayu-Undan field in the Timor Sea, offshore Timor-Leste. The program comprises three production wells (two platform and one subsea) and will develop additional natural gas and liquids reserves, extending field life as well

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PV Drilling heads to work with ENI

January 5, 2021
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PetroVietnam Drilling and Well Services Corporation (PV Drilling) signed a contract to supply PV DRILLING VI jack-up rig for the 2021 drilling program of customers ENI Vietnam B.V. ("ENI"). The drilling program is scheduled to start from early January 2021 off the coast of Vietnam. Along with the provision of drilling services, PV Drilling will also provide other

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Awilco entitled to $43 million in return from KFELS on the Nordic Spring Construction

January 4, 2021
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Awilco Rig 2 Pte. Ltd. (“AR2”), a wholly owned subsidiary of Awilco Drilling PLC (“Awilco Drilling”), has notified Keppel FELS Limited (“KFELS”) that it has exercised its contractual termination right under the newbuilding contract between KFELS and AR2 for the construction of a semi-submersible drilling rig, Nordic Spring, as a result of breaches under the Vessel Construction

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