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The well was drilled to delineate the discovery confirmed in well 6507/5-10 S (Slagugle) and to perform a formation test to gain a deeper understanding of the reservoir properties and connectivity within the hydrocarbon-bearing layers. The Deepsea Yantai drillingrig, operating in a water depth of 341 m, was utilised for the drilling.
Now a common practice globally, MPD is advancing novel methods and technologies that will push drilling beyond the conventionally un-drillable — and into the next frontier of subsea exploration. If pressurised mud circulation is too heavy, the formation can crack, or if it’s too light, other issues can occur.
Read more US oil rig count down by 1, says Baker Hughes Summary : For the week ended June 20, the total U.S. active drillingrig count fell by 1 to 554, marking a continued decline and sitting 34 rigs below the count from the same time last year. oil-and-gas exploration stocks amid the recent tensions.
Three key themes emerged from the update: major exploration success in the Gulf of Mexico, oil price commentary, and a demonstration of financial resilience. This shorter cycle time from drilling to production optimizes capital efficiency and improves returns. billion (up from $1.2 billion, impacted by a $3.4
Upstream Midstream Downstream are terms commonly used in the oil and gas industry to describe different stages of the production and distribution process. Upstream involves locating, surveying, drilling, and extracting crude oil and natural gas from underground reservoirs. This includes both onshore and offshore activities.
Petrobras is sticking with its plans to expand oil production, along with other international oil majors including Exxon Mobil Corp., up from the year ago period, thanks to higher oil production and a more favorable exchange rate, the company said. Chevron Corp. Net income was above expectations at 35.2 billion reais, 48.6%
sees domestic crude production declining next year for the first time since 2021 in a blow to U.S. The production forecast for next year represents a drop of 120,000 bpd from the agency’s previous projections in May. saying production has already peaked. saying production has already peaked. (World Oil) – The U.S.
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