Workover

Workover Rigs Market-Roadmap for Recovery from COVID-19 | Growing Demand For Oil And Natural Gas to boost the Market Growth | Technavio

Thursday, September 17, 2020 - 3:45am

The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Key Points: 
  • The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
  • View the full release here: https://www.businesswire.com/news/home/20200916005714/en/
    Technavio has announced its latest market research report titled Global Workover Rigs Market 2020-2024.
  • While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities.
  • The growing demand for oil and natural gas is one of the major factors driving the market.

Insights & Forecast With Potential Impact of COVID-19 - Workover Rigs Market 2020-2024 | Growing Demand for Oil and Natural Gas to Boost Growth | Technavio

Thursday, July 16, 2020 - 9:00am

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44023

Key Points: 
  • To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44023
    Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources.
  • Our workover rigs market report covers the following areas:
    This study identifies the use of laser technology in workover operations as one of the prime reasons driving the workover rigs market growth during the next few years.
  • Backed with competitive intelligence and benchmarking, our research reports on the workover rigs market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
  • Register for a free trial today and gain instant access to 17,000+ market research reports.

Insights & Forecast with Potential Impact of COVID-19 - Workover Rigs Market 2020-2024 | Growing Demand For Oil And Natural Gas to Boost Growth | Technavio

Thursday, June 25, 2020 - 1:30am

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44023

Key Points: 
  • To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44023
    Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources.
  • Our workover rigs market report covers the following areas:
    This study identifies the use of laser technology in workover operations as one of the prime reasons driving the workover rigs market growth during the next few years.
  • Backed with competitive intelligence and benchmarking, our research reports on the workover rigs market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
  • Register for a free trial today and gain instant access to 17,000+ market research reports.

Genel Energy PLC: Trading and operations update

Thursday, May 14, 2020 - 7:01am

Production at the Tawke PSC averaged 115,200 bopd in the first quarter of 2020, with the Tawke field producing 61,490 bopd, and Peshkabir 53,710 bopd

Key Points: 
  • Production at the Tawke PSC averaged 115,200 bopd in the first quarter of 2020, with the Tawke field producing 61,490 bopd, and Peshkabir 53,710 bopd
    Five development wells have been completed on the licence.
  • Three drilling rigs were released as the 2020 activity plan was amended to reflect the external environment, while a workover rig continues to service production wells
    The latest well on the northern flank of the field, TT-35, spud on 6 January, and completed in April.
  • The well is currently adding c.600 bopd to production.
  • This completed the planned drilling programme with the Sakson-605 rig, which has now been released
    Activity at Taq Taq is focused on maximising cash generation.

Pre & Post COVID-19 Market Estimates-Hydraulic Workover Units Market 2019-2023 | Increased Workover Operations to Boost Growth | Technavio

Saturday, April 18, 2020 - 12:00am

Our hydraulic workover units market report covers the following areas:

Key Points: 
  • Our hydraulic workover units market report covers the following areas:
    This study identifies growing use of laser technology in workover operations as one of the prime reasons driving the hydraulic workover units market growth during the next few years.
  • Hydraulic Workover Units Market 2019-2023: Vendor Analysis
    We provide a detailed analysis of vendors operating in the hydraulic workover units market, including some of the vendors such as Canadian Energy Equipment Manufacturing FZE, Halliburton Co., High Arctic Energy Services Inc., National Oilwell Varco Inc.
  • Backed with competitive intelligence and benchmarking, our research reports on the hydraulic workover units market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
  • Hydraulic Workover Units Market 2019-2023: Key Highlights

Pre & Post COVID-19 Market Estimates - Workover Rigs Market 2019-2023 | Increased Workover Operations to Boost Growth | Technavio

Friday, April 17, 2020 - 2:30pm

Our workover rigs market report covers the following areas:

Key Points: 
  • Our workover rigs market report covers the following areas:
    This study identifies emergence of automated workover rigs as one of the prime reasons driving the workover rigs market growth during the next few years.
  • We provide a detailed analysis of vendors operating in the workover rigs market, including some of the vendors such as DRILLMEC Spa, Nabors Industries Ltd., National Oilwell Varco Inc., Precision Drilling Corp., Schlumberger Ltd., and Yantai Jereh Oilfield Services Group Co. Ltd.
  • Backed with competitive intelligence and benchmarking, our research reports on the workover rigs market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
  • Register for a free trial today and gain instant access to 17,000+ market research reports.

VAALCO Announces Successful Workover at South East Etame 2H Well and First Quarter 2020 Production of 4,944 NRI Barrels of Oil per Day

Monday, April 13, 2020 - 9:45pm

Cary Bounds, Chief Executive Officer, commented, We continue to execute operationally and have restored 2,400 gross BOPD of production with the successful workover of the South East Etame 2H well.

Key Points: 
  • Cary Bounds, Chief Executive Officer, commented, We continue to execute operationally and have restored 2,400 gross BOPD of production with the successful workover of the South East Etame 2H well.
  • For the first quarter 2020, production was 4,944 BOPD NRI, which is 35% greater than our Q4 2019 average production and is our highest production since Q4 2015.
  • With the completion of the 2019/2020 drilling campaign and the successful South East Etame 2H workover, total Company production is approximately 20,000 gross BOPD or 5,400 BOPD NRI to VAALCO.
  • Production for the first quarter of 2020 was 18,298 gross BOPD or 4,944 BOPD NRI to VAALCO.

VAALCO ANNOUNCES SOUTH EAST ETAME 4H WELL HAS BEEN SUCCESSFULLY COMPLETED AND PLACED ON PRODUCTION

Wednesday, March 25, 2020 - 8:45pm

Following the completion of the South East Etame 4H well, we began the planned workover on the South East Etame 2H well to replace ESPs.

Key Points: 
  • Following the completion of the South East Etame 4H well, we began the planned workover on the South East Etame 2H well to replace ESPs.
  • We expect to bring the South East Etame 2H well back online around the end of March, which should restore production of approximately 2,400 gross BOPD.
  • With the drilling of the South East Etame 4H well, VAALCO has completed its 2019/2020 drilling campaign.
  • The drilling rig on the South East Etame North Tchibala (SEENT) platform was already scheduled to replace the ESP on that well in a preemptive workover upon completion of the South East Etame 4H well.

VAALCO Announces Operational Update Including Successfully Restoring Production at Etame 10H and Etame 4H Wells

Tuesday, January 21, 2020 - 9:45pm

Our 2019/2020 program has significantly increased production and we are excited about drilling our next appraisal wellbore, the Southeast Etame 4P wellbore.

Key Points: 
  • Our 2019/2020 program has significantly increased production and we are excited about drilling our next appraisal wellbore, the Southeast Etame 4P wellbore.
  • VAALCO recently began drilling the Southeast Etame 4P appraisal wellbore to evaluate a Gamba step out area in Southeast Etame.
  • Prior to drilling the Southeast Etame 4P appraisal wellbore, the Company began the workover of the Etame 10H well to replace the ESP.
  • In addition, VAALCO restored production on the Etame 4H well by repairing the subsea wellhead.

VAALCO Announces Etame 11h Development Well Has Been Successfully Completed and Placed on Production at Higher Than Anticipated Rate

Wednesday, January 8, 2020 - 11:05pm

We have since commenced the workover on the Etame 10H well, which if successful, could restore additional production of approximately 200 BOPD net to VAALCO.

Key Points: 
  • We have since commenced the workover on the Etame 10H well, which if successful, could restore additional production of approximately 200 BOPD net to VAALCO.
  • VAALCO reached a total measured depth of approximately 9,022 feet in the Etame 11H development well and completed approximately 860 feet of horizontal section within the Gamba reservoir.
  • The Etame 11H development well was drilled and completed as planned and within budget, with no safety or environmental incidents.
  • VAALCO, founded in 1985, is a Houston, USA based, independent energy company with production, development and exploration assets in the West African region.