World Oil » Drilling
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Read the latest news and trends in drilling. World Oil magazine publishes in-depth features and articles on drilling, production, and exploration. The editorial content of World Oil magazine covers the exploration, drilling, completion, production, and management segments of the worldwide oil and gas industry, onshore and offshore.
World Oil » Drilling
1w ago
Transocean's Deepwater Asgard was awarded a 365-day contract extension in the U.S. Gulf of Mexico at a rate of $505,000. Additionally, a customer exercised a three-well option in Angola for the Deepwater Skyros at a rate of $400,000 ..read more
World Oil » Drilling
1w ago
Who Dat East is estimated to contain 17 MMboe of gross unrisked 2C Contingent Resources and 35 MMboe of gross unrisked 2U Prospective Resources. The Who Dat South prospect is estimated to contain 31 MMboe of gross unrisked 2U Prospective Resources ..read more
World Oil » Drilling
1w ago
Recent oil and gas discoveries announced in regions continuing to these borders, especially in neighboring Guyana and Suriname, indicate significant oil production potential for the Brazilian Equatorial Margin ..read more
World Oil » Drilling
3w ago
Valaris Limited announced that ARO Drilling, its joint venture in Saudi Arabia, received a notice of suspension from Aramco for one of its 19 contracted rigs, jackup VALARIS 143. The rig’s contract was previously scheduled to end in December 2024 ..read more
World Oil » Drilling
3w ago
A subsidiary of Shelf Drilling (North Sea), Ltd. has secured a contract extension for the Shelf Drilling Barsk jack-up rig with Equinor for operations at the Gudrun field in the Norwegian Continental Shelf ..read more
World Oil » Drilling
3w ago
Petrobras expects to require 280 new wells through 2028, and refurbish or plug another 700 wells, it said in an emailed response to questions. The company said the market for day rates is dynamic and that it will review pricing when hiring new rigs ..read more
World Oil » Drilling
1M ago
Transocean Ltd. announced a 365-day contract extension for the Deepwater Asgard with an independent operator in the U.S. Gulf of Mexico. The program is expected to commence in June 2024 ..read more
World Oil » Drilling
1M ago
The scope under the frame agreement covers the majority of AGR’s services within the entire petroleum asset lifecycle, including reservoir and well management, well control and blowout contingency, operations geologists, and resourcing ..read more
World Oil » Drilling
1M ago
Who Dat East is estimated to contain 17 MMboe of gross unrisked 2C Contingent Resources. The Who Dat South prospect is estimated to contain 31 MMboe of gross unrisked 2U Prospective Resources, with the geological probability of success estimated to be 52 ..read more
World Oil » Drilling
1M ago
In March, Saudi Aramco announced plans to reduce capital investment by roughly $40 billion between 2024 and 2028. This was mostly due to the Kingdom’s decision to maintain productive capacity at 12 MMbpd. As part of the decision, Aramco has suspended 17 rigs to date, with a potential for additional releases in the near term ..read more