Industry News

KCA Deutag and Pruitt have signed an exclusive partnership agreement to collaborate globally on managed pressure drilling (MPD) opportunities.KCA Deutag’s global footprint, customer relationships and extensive drilling, engineering and technology experience combined with Pruitt’s work in MPD equipment design, manufacturing and well engineering will see the companies combine to offer additional drilling and well delivery solutions to customers across the globe.The partnership provides Pruitt with access to KCA Deutag’s resources, rig engineering and supply and manufacturing bases in Europe and the Middle East, while KCA Deutag will benefit from the inclusion of Pruitt’s MPD technology solutions into their drilling operations.（2024-01-12）

Galp, with its partners NAMCOR and Custos, has drilled and logged the first exploration well (Mopane-1X) in block PEL83 offshore Namibia. The well was drilled with Odfjell Drilling’s Hercules semi-submersible.Building on the previous announcement from 2 January, Galp has confirmed the discovery of a significant column of light oil in reservoir-bearing sands of high quality. Galp will continue to analyze the acquired data and anticipates performing a Drill Stem Test (DST) in the coming weeks to assess the commerciality of this discovery.The drilling operations at Mopane-1X will proceed to explore deeper targets. Upon completion, the rig will be relocated to

Valaris has secured new contracts and extensions, with an associated contract backlog of approximately $1.14 billion, after issuing the company’s most recent fleet status report on 1 November 2023.“We are delighted to announce these contract awards and extensions, which add well over $1 billion of contract backlog, providing further evidence of the positive outlook for Valaris,” said President and CEO Anton Dibowitz. “These awards include two multi-year drillship contracts and several jackup contracts across the North Sea, Trinidad and Australia.”In addition to the previously announced 1,064-day contract for drillship VALARIS DS-4 with Petrobras offshore Brazil, they’ve also been awarded a

APA Corporation has agreed to acquire Callon Petroleum Company in an all-stock transaction valued at approximately $4.5 billion. Under the terms of the transaction, each share of Callon common stock will be exchanged for a fixed ratio of 1.0425 shares of APA common stock. The total enterprise value of the transaction, including debt, is more than $21 billion.The acquisition complements and enhances APA’s asset base in the Permian Basin, and increases its oil-prone acreage in the Midland and Delaware Basin by more than 50%.“This transaction is aligned with APA’s overall portfolio strategy and fits all the criteria of our disciplined

Talos Energy has successfully started oil and natural gas production at Talos’s Lime Rock and Venice discoveries, located near its Ram Powell platform in the US Gulf of Mexico.The Lime Rock and Venice wells were brought safely online in late December 2023 and have achieved an initial combined gross production rate of over 18,500 BOED, averaging about 45% oil and 55% liquids. The estimated combined gross ultimate recoverable resources of these two discoveries are approximately 20 to 30 million BOE.The Lime Rock prospect was acquired in Lease Sale 256 in November 2020 and is approximately seven miles from the Ram

Valaris has been awarded a 1,064-day contract for drillship VALARIS DS-4 with Petrobras offshore Brazil. Based on the firm contract term, the total contract value is approximately $519 million, including mobilization fees and additional services.It is anticipated to commence in late Q4 2024, following the completion of the rig’s current contract with Petrobras, which is expected to finish in September 2024. Upon completion of the current contract, the rig is expected to be out of service for approximately 90 days to complete customer-required capital upgrades before beginning the new contract.“We are delighted to have secured further work for drillship VALARIS

Seadrill announced that Petrobras has awarded 1,064-day fixed-term contracts to each of the West Auriga and the West Polaris drillships following a competitive bidding process. Work is expected to begin in the fourth quarter of 2024 and represent a total contract value of approximately $1.1 billion, including additional services and mobilization fees.The West Auriga and the West Polaris will transition to Seadrill from the existing third-party managers before undertaking the campaigns with Petrobras.“We have secured long-term contracts for the West Auriga and the West Polaris alongside our four high-specification drillships already working in Brazil,” Simon Johnson, Seadrill’s President & CEO

Woodside Energy has contracted Eseasa Offshore to supply shore base facilities and services for Woodside’s operations supporting the Trion oil and gas project offshore Mexico.“The award of the contract is a critical milestone as we continue to progress the Trion project toward first oil in 2028. We are very pleased to partner with Eseasa Offshore as the supplier of the full range of shore base facilities and services,” said Woodside VP for Trion, Stephane Drouaud.Eseasa will provide a broad range of services out of its shore base location on the Panuco River coastline, including shore base infrastructure, operations planning and