Fourteen days and $14 million saved by sidetracking from a collapsed expandable liner using an off-the-shelf casing-exit system by Weatherford in an ultradeep Gulf of Mexico well.
The exploration of the Black Sea Neptun block is a joint venture between OMV’s Romanian subsidiary Petrom and U.S. major Exxon Mobil Corp., and includes the first deepwater exploration well in Romanian waters.
Here are the latest top 20 cumulative oil- and gas-producing wells in the U.S. Gulf of Mexico.
Increased E&P activity is expected in the prolific presalt basins of Brazil, which hold billions of barrels of recoverable oil reserves.
Egypt has reached initial agreements with five major energy firms to explore for oil and gas in deep waters in off its western coast on the Mediterranean, the petroleum minister said.
Driven by a tough commodity price outlook and regulatory changes, Chevron is considering pulling out of a multibillion-dollar deepwater project offshore Indonesia.
Norway's Equinor ASA has submitted to Brazil's oil industry regulator ANP declarations of the commercial viability of two blocs licensed in the Carcara oil field in the pre-salt region of the Santos basin, the company said on Dec. 26.