Baker Hughes Installs First 40-Stage Openhole Completion in the Williston Basin
Technology advancement enhances completion performance for Whiting Petroleum Baker Hughes (NYSE: BHI) announced today it has successfully installed a 40-stage openhole completion system in the Williston Basin for Whiting Petroleum Corporation. This achievement marks the most number of stages ever performed in a single lateral frac sleeve / packer completion …
Baker Hughes Announces Revolutionary Conformable Sand Control System
System reliably controls sand with “smart” shape memory polymer that conforms to borehole Baker Hughes (NYSE: BHI) announced today the commercial launch of its GeoForm™ conformable sand management system with shape memory polymer (SMP) technology. A completely new approach to sand control, the GeoForm system reliably conforms to the borehole …
Gazprom Neft completes seismic survey work on the Equatorial Guinea shelf
Gazprom Neft has completed 3-D seismic survey work on the Equatorial Guinea shelf (block T) in the Niger Delta river basin. The seismic studies covered around 300 square kilometres of the block’s area, which meets the company’s commitments regarding the Production Sharing Agreement (PSA) under whose conditions the project is …
Industry call to overcome challenge of Arctic & Extreme E&P
The exploration and development of massive hydrocarbon resources estimated to lie within the Arctic region represents a colossal technical and technological challenge for the international oil and gas industry. An event later this year will be the focal point of the E&P sector’s never-ending work to find innovative solutions that …
FMC Technologies Receives $125 Million Order From Petrobras
FMC Technologies (NYSE: FTI) announced today that it has received a $125 million order from Petrobras (NYSE: PBR, PBRA), Brazil’s national oil company, to supply equipment for use in their oil and gas developments offshore Brazil. The order, for 32 subsea trees, represents the remaining equipment under a 107-tree frame …
FMC Technologies Signs Global Frame Agreement with BP
FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed a five-year global frame agreement with BP to provide subsea production systems and life-of-field services for their worldwide subsea development projects. “We have a strong relationship with BP and have supported a number of their projects in the world’s …
M-I SWACO Introduces Next Generation Water-Base Drilling Fluid for HTHP Environments
The EnviroTherm NT water-base drilling fluid provides stability under extreme HTHP conditions AMSTERDAM, March 3, 2011—M-I SWACO announced today the release of the EnviroTherm* NT water-base drilling fluid, which is designed for high-temperature, high-pressure (HTHP) wells, including those in shale plays, environmentally sensitive areas or projects that experience high temperatures …
Schlumberger Introduces New Fiber System to Reduce Nonproductive Time
Schlumberger today announced the release of the Losseal family of reinforced composite mat pills. This system, which combines fibers and solids into specifically engineered pills, reduces nonproductive time (NPT) by mitigating the risk of lost circulation during drilling and cementing operations. “Lost circulation problems that can occur during primary cementing …
Schlumberger Introduces New High Build Rate Rotary Steerable System for Increased Reservoir Exposure
PowerDrive Archer RSS Kicks Off Deeper and Lands Earlier in the Reservoir AMSTERDAM, March 1, 2011–Schlumberger announced today the release of its PowerDrive Archer* high build rate rotary steerable system (RSS). The system delivers well profiles previously possible only with motors, and with the ROP and wellbore quality of a …
Gazprom Neft concludes a co-operation agreement with the Yamalo-Nenets Autonomous Area Administration
Alexander Dyukov, Chairman of the Management Board of Gazprom Neft, and Dmitri Kobylkin the Governor of the Yamalo-Nenets Autonomous Area, today in Noyabrsk signed a three-year agreement on social and economic co-operation between Gazprom Neft and the Administration. The official signing ceremony was also attended by Alexei Miller, Chairman of …