The 4D solution offers oil and gas operators keen seismic monitoring of subsurface movements from a single source and a single receiver, SpotLight CEO Habib Al Khatib said in this exclusive interview.
Weatherford developed the integrated completion solution to install downhole equipment for an operator offshore Brazil, saving the operator 27.5 hours of deepwater rig time.
MOL Plc, a Hungarian multinational oil and gas company, agreed to buy the asset, which consisted of Chevron’s nonoperating interests in the largest oil field in the Azerbaijan sector of the Caspian Basin.
The Tarantula Platform, located in South Timbalier block 308, has the capability to process up to 25,000 barrels per day of oil from the Katmai field development.
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.
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.