Drilling Contractor, Official Magazine of IADC

TEVA will acquire the rig and a management agreement, pursuant to which Vantage will operate the Tungsten Explorer for a ten-year term, with the option to extend for an additional five years. https://lnkd.in/etkYu9Cn

The company’s review and analysis of all data available indicates that nine wells have been drilled in Block 6/24, with one of the wells discovering the Cegonha oil field. https://lnkd.in/e5e6FPyt

The semisubmersible Ocean Apex has been contracted for a further period offshore Australia, and the high-specification semisubmersible rig Noble Developer will drill three wells offshore Suriname. https://lnkd.in/dAjGAMuX

This week, a crane barge arrived at the SASB gas field in the Southwestern Black Sea to transport the snubbing unit from the Akcakoca platform to the Akkaya tripod for the next operation on the Alapli-2 well where 2,996 meters of 2 3/8 tubing will be run. https://lnkd.in/dGEfKdJn

Baleine is the first net zero emissions upstream project (Scope 1 and 2) in Africa, made possible through the adoption of advanced technologies, which minimize the operations’ carbon footprint, and innovative initiatives developed in close collaboration with the Ivorian ministries. https://lnkd.in/dEVKcw63

"If I could leave you all with any parting words as I step down from the position of Chairman soon, it would be this: continue sticking together, supporting each other and championing the message that a healthy oil and gas industry is good for everyone. I had the opportunity earlier this year to attend the IADC North Sea Chapter’s safety awards gala, and I was truly impressed by how close-knit the drilling community is. Amongst business competitors, there was a strong feeling of camaraderie and genuine care for each other. I got the sense that everyone was really looking out for each other and coming together for the common good. This kind of collaboration and unification is what IADC was founded on, and it is exactly what we need moving forward." https://lnkd.in/eZKbZB6d

In 2023, wind achieved a record year for new build with over 115 GW coming online. Further, solar and wind together saw a dramatic 67% increase in capacity. Those are important findings from the newest Statistical Review of World Energy, but the context would not be complete if you didn’t consider them along with other findings from the same report: Consumption of crude oil surpassed the 100 million bbl/day mark for the first time ever in 2023. In fact, global consumption of fossil fuels reached a record high last year, and fossil fuels still represented 81.5% of the overall energy mix. https://lnkd.in/dY22qhye

While riser-based intervention is a robust solution, it is often more time-consuming and expensive due to the need for a dedicated riser system, intervention package and a vessel capable of handling a riser. Riserless mechanical or hydraulic intervention systems, on the other hand, can be operated from smaller vessels of opportunity and can be accomplished in a faster time frame. https://lnkd.in/didSZRV2

Noble Corporation announced a new contract for the Noble Globetrotter I drillship in the Gulf of Mexico for one firm well with up to six optional wells and a total potential duration of around 200 days. https://lnkd.in/dZizBsGV

Battalion Oil Corporation kicked off its Q4 drilling campaign and the first two-well pad in Monument Draw is currently ahead of plan from both cycle-time and budget perspectives. https://lnkd.in/dXezYr3D