Three Wells for the Price of One
Old and partly lost slots that were given up as providers of new production triggered new solutions for Snorre B. The result was three wells with an average price of NOK 170 million ($20.6 million), compared to NOK 490 ($59) as reference base. Drilling & well (D&W) has recently delivered three new wells on the North Sea Snorre B field, contributing strongly to the corporate goal of «radical change» to reduce the breakeven for new wells. The three wells, C-2, C-3 and C-4, have boosted Snorre B production by 30 percent. “We estimate the price per barrel for these wells to be well below USD 10.
New Tool Detection Alarm for Drilling and Intervention
Severn Subsea Technologies (SST) has developed Zone 0 rated, tool detection sensor technology to reduce the risk of damage to the riser assembly during drilling and intervention operations, as the tool string is recovered to the surface. The Tool Detection Alarm (TDA) offers a safer method of locating the tool string than relying on visual methods alone. It positively locates the position of the tool and sounds an alarm, alerting the winch operator to take action to prevent the tool string hitting the riser seal head. The portable, battery-powered TDA…
Omega Completion Technology Wins Statoil Contract
Independent well completion and intervention technology developer and manufacturer Omega Completion Technology has secured a completions framework contract with Statoil ASA. The contract awards Omega the right to supply its unique ReACT Technology (Remotely Activated Completion Technology) to all Statoil assets in the Norwegian continental shelf, totalling 35. Omega delivered the first ReACT completion solution to Statoil 10 years ago and has provided completion equipment for more than 30 Statoil wells. The initial contract period is for approximately two years with an option for an additional period of six years thereafter.
