Activity headlines
Production Unit Mobilizes to Nong Yao Field
The Nong Yao Field mobile offshore production unit (MOPU) has mobilized to the field offshore Thailand, Valeura Energy said Feb. 13.
It will serve the Nong Yao C accumulation, with first oil expected late in the second quarter of 2024. Valeura is also purchasing the Nong Yao Field’s Aurora floating storage and offloading vessel (FSO) for $19 million.
Elsewhere offshore Thailand, Valeura is expanding the Wassana Field development drilling program to five horizontal wells. The first two wells increased field output to over 4,000 bbl/d.
Valeura operates Wassana with 100% interest and Nong Yao with 90% interest.
Contracts and company news
Expro Buying Coretrax for $210 Million
Expro will acquire Coretrax from an investment group led by Buckthorn Partners for approximately $210 million, Expro said Feb. 13.
The acquisition of Coretrax, a specialist in performance drilling tools and wellbore cleanup, well integrity and production optimization solutions, will enable Expro to expand its well construction and well intervention and integrity solutions.
DeepOcean Wins Guyana Work
Exxon Mobil Guyana awarded DeepOcean a contract to provide subsea construction and inspection, maintenance and repair (IMR) services offshore Guyana, DeepOcean said Feb 12.
Under the contract, DeepOcean will plan and execute a wide range of subsea activities, including subsea construction, jumper installations and subsea IMR work, at Exxon Mobil Guyana’s operations at the Stabroek Block, located approximately 120 miles offshore Guyana.
DeepOcean will deploy the Siem Day multi-purpose support vessel to conduct subsea operations.
NOPSEMA OKs Castarone for Work
Australian Commonwealth regulator NOPSEMA (National Offshore Petroleum Safety and Environmental Management Authority) has cleared the Saipem Castarone vessel to resume operations, Saipem said Feb. 13.
Pipelay had halted after a Jan. 30 offshore trunkline installation incident. Saipem said it is working closely with its client for a restart of the pipelaying operations, with safety as the top priority.
Recommended Reading
CEO: Continental Adds Midland Basin Acreage, Explores Woodford, Barnett
2024-04-11 - Continental Resources is adding leases in Midland and Ector counties, Texas, as the private E&P hunts for drilling locations to explore. Continental is also testing deeper Barnett and Woodford intervals across its Permian footprint, CEO Doug Lawler said in an exclusive interview.
Barnett & Beyond: Marathon, Oxy, Peers Testing Deeper Permian Zones
2024-04-29 - Marathon Oil, Occidental, Continental Resources and others are reaching under the Permian’s popular benches for new drilling locations. Analysts think there are areas of the basin where the Permian’s deeper zones can compete for capital.
ConocoPhillips: Permian Basin a ‘Growth Engine’ for Lower 48
2024-05-15 - ConocoPhillips views the Permian Basin as a “growth engine” within its Lower 48 portfolio, the company’s Midland Basin Vice President Nick McKenna said during Hart Energy’s SUPER DUG event in Fort Worth.
New Permian Math: Vital Energy and 42 Horseshoe Wells
2024-05-10 - Vital Energy anticipates making 42 double-long, horseshoe-shaped wells where straight lines would have made 84 wells. The estimated savings: $140 million.
For Sale, Again: Oily Northern Midland’s HighPeak Energy
2024-03-08 - The E&P is looking to hitch a ride on heated, renewed Permian Basin M&A.