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
Tech Trends: Halliburton’s Carbon Capturing Cement Solution
2024-02-20 - Halliburton’s new CorrosaLock cement solution provides chemical resistance to CO2 and minimizes the impact of cyclic loading on the cement barrier.
Technip Energies Wins Marsa LNG Contract
2024-04-22 - Technip Energies contract, which will will cover the EPC of a natural gas liquefaction train for TotalEnergies, is valued between $532 million and $1.1 billion.
Ohio Utica’s Ascent Resources Credit Rep Rises on Production, Cash Flow
2024-04-23 - Ascent Resources received a positive outlook from Fitch Ratings as the company has grown into Ohio’s No. 1 gas and No. 2 Utica oil producer, according to state data.
Chevron, Total’s Anchor Up and (Almost) Running
2024-05-07 - During the Offshore Technology Conference 2024, project managers for Chevron’s Anchor Deepwater Project discussed the progress the project has made on its journey to reach first oil by mid-2024.
To Dawson: EOG, SM Energy, More Aim to Push Midland Heat Map North
2024-02-22 - SM Energy joined Birch Operations, EOG Resources and Callon Petroleum in applying the newest D&C intel to areas north of Midland and Martin counties.