With over a decade of use and nearly 700 completions worldwide, intelligent completion technology has made a mark in today’s upstream oil industry. Yet statistics surprisingly demonstrate that the technology is still being deployed mostly in regional hotspots by relatively few key players.

As part of the evacuation process, personnel activate the shut-in procedure, which can also be accomplished from a remote location

The appraisal well was spudded on 5 June and the hydrocarbons were encountered in formations of Lower Carboniferous age. StatoilHydro and partner Sonatrach are pleased with the results of the well.

The Troll B Gas Injection project will be developed with two separate subsea satellite wells, located respectively 3.5 km and 6.5 km south of the Troll B platform.

In addition to operating the most modern fleet of surface logging units in the industry, ILI brings a unique portfolio of technologies to the drilling and evaluation processes.

The scope of the work includes the completion of a 35 day, multi-faceted workscope on the John Shaw drilling rig, and new crane installations and various upgrade works on the Ocean Guardian that will also be in the Cromarty Firth for an estimated 35 day period.

The initial contract is expected to be completed in December 2010 and, if options are secured, the contract will run until the end of 2014.

The development includes 36 subsea wells feeding two FPSO vessels.

A testing program has commenced with test results expected within the next 10 days.

To be delivered in the second half of 2012, the ENSCO 8506 will be the seventh consecutive semi that Keppel FELS is constructing for ENSCO International Incorporated

Sterling said that once these two appraisals are completed, the rig will move to Block 42/19 and drill the Airidh prospect

Denham will gain majority ownership of Multi-Shot through its investment. 

The four-year contract includes casing and tubing running, cold cutting, and onshore tubular make-up and bucking services for 29 wells on CNR’s Olowi development. 

After well completion, the partners will verify field dimensions and reservoir characteristics.

The Red Oak Timber 5 No. 1 spud on Friday, August 1, 2008 and will be vertically drilled to approximately 11,950 feet using a casing program with 7 5/8" for the intermediate string. 

Stallion Oilfield Services Ltd. announced today that it has closed on two acquisitions -- Mile High Oilfield Services Inc. on June 30th and J-M Oil Company Inc. on July 31st.

Cameron will expand its existing infrastructure in Angola to provide local machining and assembly operations 

Upon completion of the deal, Solana will become an indirect wholly-owned subsidiary of Gran Tierra.

Commencing one month after closing of the GSF Arctic II sale, Transocean will receive principal and interest payments of $200,000 per day for the rig from the buyer.

Company engages experienced Colorado engineering firm for turnkey development of the field-test and a full scale prototype, designed to recover oil shale, tar sands and heavy oil.

The testing was conducted by TRL Compliance, Ltd., West
Lancashire, UK with financial support and technical assistance from Shell
U.K.

The well will test Palaeogene limestone Beds 5 and 7, the company said. 

KNOC has a 30% stake in the field, while Pluspetrol and CNPC will hold 40% and 30% respectively. The exploration period will last for three years.

The contract also provides for two one-well options that, if exercised, would extend the firm period of the contract by an estimated 75 days.

This is the second deal in a month for KS in Tunisia.

Scheduled for delivery in mid-2010, this latest jack-up rig order is the second consecutive newbuild jack-up rig that EDC has placed with PPL Shipyard.

Both wells were fracture treated in the first of several stages in the Cotton Valley Group and are producing oil and gas as well as fracture treatment fluid into temporary production facilities while permanent equipment is being placed on location.

The 21/28a-10 well will target the Eocene Tay sandstone and is located around 4,593ft (1,400m) northwest of Antrim’s 21/28a-9y well

EnCore Oil is pleased to announce that the Barbarossa gas appraisal well 47/9c-11x has been successfully drilled and completed. 

The approved contracts are expected to be executed by subsidiaries of Petrobras and Transocean in the next 30 to 60 days.

 Enterra Energy Trust has completed a five well drilling program in Canada.

Aker Solutions has acquired the shares in Qserv Ltd., a leading provider of well, process and pipeline services in the North Sea and International markets.

The contract is a framework agreement with call-off services in support of a major development program in offshore west Africa.

The total contract value for Aker Solutions is approximately US $210 million.

Dominion (NYSE:D) , one of the nation's largest producers and transporters of energy, has agreed to assign the Marcellus Shale natural gas drilling rights on approximately 205,000 Appalachian Basin net acres to Antero Resources for about $552 million, resulting in after-tax proceeds of approximately $325 million.

Singapore, June 30, 2008: Jurong Shipyard, a wholly-owned subsidiary of Sembcorp Marine, has secured a contract from Larsen Oil & Gas to build a deepwater semi-submersible drilling rig at a contract value of US$640 (S$870) million.

The first drilling project will involve a proposed two-well simulfrac with approximately 3,000-foot laterals at an anticipated depth of 1,700 feet each.

Numerous vertical and horizontal wells have been drilled, logged and put into production from the Haynesville formation within a 30-mile radius of Southern Star's Sentell Field.