Offshore Drilling & Completion: Australia & New Zealand

Third Barossa well finds gas offshore northern Australia

Santos says an appraisal well has proved more gas at the Barossa discovery in the NT/RL5 permit offshore Northern Territory.

Origin optimistic about offshore Australia gas discovery

Origin Energy Ltd. (ASX:ORG) has found what it calls potentially commercial gas in the Speculant-1 exploration well. 

Woodside lines up deepwater well offshore South Korea

Woodside Petroleum says it plans to drill an exploratory well this fall on the deepwater Ulleung basin block 8/6-1N offshore eastern South Korea.

Pateke 4H well raises Tui reserves estimate

Pan Pacific Petroleum and New Zealand Oil and Gas have completed a review of the increase in Tui reserves attributable to the Pateke-4H well. 

Maari field redevelopment starts oil production offshore New Zealand

OMV has delivered first oil from its Maari field redevelopment drilling campaign offshore New Zealand.

Stena Clyde spuds Pryderi-1 offshore Australia

IPB Petroleum and its joint venture have received notification that the Stena Clyde drillship has spudded the Pryderi-1 exploration well in WA-424-P offshore Australia.

SPE ATCE 2014: Diamond drill bit provides improved durability in tough formations

Schlumberger company Smith Bits has introduced the StingBlade conical diamond element bit. This is designed to increase run length and rate of penetration while also providing improved steering response in directional drilling.

 

CHPL secures rig for Sea Horse area prospect

Carnarvon Hibiscus Pty Ltd. has signed a rig share agreement for an exploration well in the VIC/P57 permit offshore southeast Australia.

 

Australian research aims to reduce pipeline, drilling costs

Australia has invested heavily in the oil and gas industry but with increasing capex and ever-increasing demand, the country is focusing heavily on R&D to help mitigate costs while continuing to attract foreign investment to exploit its oil and gas reserves. Australian researchers have pinpointed three areas in which costs can be decreased through innovation and new technology.

Analysts forecast steady deepwater growth

Brazil will account for 32% of deep and ultra-deepwater capex worldwide between now and 2018, according to a report from Infield Systems.

Latest Drilling & Completion News

Online exclusive: offshore industry has cause for hope amidst falling oil prices

January 26, 2015 The oil and gas been hit hard by the rapid decline in the price of crude over the past few months, but the offshore sector should have some cause f...

Third Barossa well finds gas offshore northern Australia

January 26, 2015

Santos says an appraisal well has proved more gas at the Barossa discovery in the NT/RL5 permit offshore Northern Territory.

Offshore US rig count holds steady

January 26, 2015

Baker Hughes count of rigs operating offshore US held steady last week at 54. Of this number, 53 were in the Gulf of Mexico.

Statoil set to drill Norwegian Sea wildcat

January 23, 2015

Petroleum Safety Authority Norway has approved Statoil’s plan for exploration drilling on the Snedfrid Nord prospect in the Norwegian Sea.

BPZ has added pay in Albacora A-27D offshore Peru

January 23, 2015 BPZ Energy’s Albacora A-27D development well at block Z-1 offshore Peru has tested at a production rate of 1,135 b/d of oil over a 10-day period.&n...

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