
Equinor Lets Contracts for Raia Drilling Offshore Brazil
Norwegian energy company Equinor (35%, operator), on behalf of its partners Repsol Sinopec Brasil (35%) and Petrobras (30%), has won a drilling contract with Valaris, represented by Ensco UK Drilling Limited and Ensco do Brasil Petróleo e Gás LTDA, for the Raia project in Brazil. Drilling at Raia is scheduled …

Transocean Signs Offshore Drilling Contract at $505,000/day
Offshore drilling contractor Transocean has announced an offshore drilling contract at a bargain price above $500,000/d amid continued demand for high-performance offshore drilling rigs. General Director D. Thigpen spoke about this during the webcast of the April 29 report on Transocean’s profits for the 1st quarter. 2024 Deepwater Asgard contract …

BP Is Preparing To Drill A Deepwater Well Offshore Of Brazil After Exploration Attempts By Shell And ExxonMobil Failed
BP is preparing to drill a deepwater well on the Brazilian continental shelf in an attempt to break a string of failures for other oil and gas majors. The company’s press service reports this. Drilling work Drilling operations are planned at the Pau Brasil field in the Santos Basin. On …

Exploration and Drilling Costs will Increase by 11% This Year, S&P Global Estimates
The global offshore drilling market appears to be booming. Analysts at S&P Global expect exploration and production spending to increase by 11% in 2023, while offshore oil and gas activity is forecast to grow by 20% year-on-year. S&P Global notes: “The time between signing a contract and the start date …

Valaris Embraces Virtual Training to Deliver Well Control Skills to its Personnel
Leading offshore drilling contractor, Valaris is continuing to maintain the very highest safety standards throughout the COVID-19 pandemic thanks to Drilling Systems’ iDrillSIM virtual simulator. When the pandemic hit, Valaris responded swiftly by purchasing Drilling Systems’ highly innovative cloud-based simulator iDrillSIM in May 2020, enabling it to deliver IADC WellSharp …

UK’s Leading Energy Trainer Appoints New Manager for Survivex
Leading training provider, Survivex, has appointed a new general manager to oversee day-to-day operations and support key training management service clients. Jamie Purves comes to Survivex from drilling contractor, Valaris, where he was regional training and competency manager responsible for personnel working in the North Sea and Norway regions. Having …