SLB Announces First-Quarter 2024 Results, Targeting to Return $7 Billion to Shareholders Over 2024–2025
Revenue of $8.71 billion increased 13% year on year GAAP EPS of $0.74 increased 14% year on year EPS, excluding charges and credits, of $0.75 increased 19% year on year Net income attributable to SLB of $1.07 billion increased 14% year on year Adjusted EBITDA of $2.06 billion increased 15% …
Oil Field Services Under Restrictions
The RPI company analyzed the Russian well workover market. According to expert estimates, the well workover (WW) segment is the second largest in terms of money in the oilfield services market, after the production drilling segment. Its share in recent years has been in the range of 10-13% of the …
A Digital Platform for the Ecosystem of the Well
// the original interview was published by Oil Review Middle East In an exclusive interview, Kamil Zakirov, CEO of WellsX LLC, developer of ECO Digital Drilling System, discusses the benefits of the ECO System end-to-end digital platform for the full lifecycle of the well, and the importance of adopting a …
Introducing ECO: Workover — An Innovative Digital Solution for Well Workover Monitoring and Automation
After successful field trials in partnership with our client, we are pleased to announce the launch of the ECO Digital Platform designed specifically to facilitate well workover operations. ECO: Workover is a state-of-the-art software that offers real-time remote monitoring and automation capabilities for well workover processes, streamlining a wide array …
Magenta: How to Achieve Timely Well Servicing and Raise the Equipment Utilization Ratio From 34% up to 76% – the “INK” Case
Despite the wide range of tasks associated with managing utility vehicles and portable equipment in the oil industry companies, many market participants still rely on pen, paper, and electronic spreadsheets. As a result, various subdivisions within the Utility Vehicles Department and the Wellwork Department face several challenges. These challenges include …
Belarusian Oil Workers Set a Record for Well Workover in January
Belarusian oil workers set a record for well workover in January, BelTA learned from the company. Vasily Frolov, First Deputy Head of Department – Chief Engineer of OGPD Rechitsaneft, called these figures record-breaking in history. “The maximum number of repairs per month before that was 28. This figure was reached …
Caspian Sunrise: Workover Boosts Production Numbers, Two Thirds Sold on World Oil Prices
The Board of Caspian Sunrise are pleased to announce significantly improved production and revenue numbers for September 2019, from the shallow wells at its flagship BNG Contract Area. Oil produced in September 2019, was 40,826 barrels (36,530 barrels in August 2019) at the rate of 1,361 bopd (1,178 bopd in …
Caspian Sunrise: Workover Operations Proving Successful
BNG Shallow Wells Production levels Total oil production in October 2018 from the 5 wells operational in the MJF structure and the 4 wells in the South Elemes structure was 54,348 barrels (average of 1,753 bopd). Completed workovers The remedial work completed at the start of October 2018 has resulted …
Shelton Petroleum: Workovers Dip Rustamovskoye Production Numbers
Shelton Petroleum’s total oil production in December 2014 amounted to 25,000 barrels, equivalent to 806 barrels per day. The table below summarizes the production broken down by oil field. Dec 2014 Dec 2013 Jan-Dec 2014 Jan-Dec 2013 Jan-Dec 2012 Lelyaki 10,410 11,480 125,141 126,565 119,950 Rustamovskoye 14,590 18,320 196,236 122,305 …
Tatneft: Oil Production Increased by 0,6% During 9M of 2014
Crude Oil Production The amount of 2,163,784 tons of crude oil or 100.6% versus November 2013 was produced at JSC TATNEFT in November, while the production since the beginning of the year amounted to 23, 999,908 tons, which was 112,250 tons more than in 2013 (100.5%). The amount of 23,557,826 …