Workover

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

Retrieved on: 
Monday, April 13, 2020
Petroleum production, Workover, Oil well, Inventions, Technology, Economy

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

Retrieved on: 
Wednesday, March 25, 2020
Oil wells, Technology, Petroleum production, Inventions, Petroleum industry, Workover, Petroleum engineering, Petroleum geology, Drilling rig

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

Retrieved on: 
Tuesday, January 21, 2020
Oil wells, Petroleum production, Petroleum industry, Technology, Workover, Fuels, Wellhead

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

Retrieved on: 
Wednesday, January 8, 2020
Petroleum production, Workover

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.

Superior Energy Services Announces Strategic Transaction

Retrieved on: 
Wednesday, December 18, 2019
Oil wells, Petroleum production, Workover, Snubbing, Prospectus

Following the completion of the transaction, Superior Energy will remain a globally diversified oilfield services company built around the following key product and service lines: premium drill pipe, bottom hole assemblies, completion tools and products, hydraulic workover, snubbing and production services and well control services.

Key Points: 
  • Following the completion of the transaction, Superior Energy will remain a globally diversified oilfield services company built around the following key product and service lines: premium drill pipe, bottom hole assemblies, completion tools and products, hydraulic workover, snubbing and production services and well control services.
  • Superior Energy's current Chief Financial Officer, Westy Ballard, will become President and CEO of Superior Energy upon completion of the transaction.
  • INVESTORS AND SECURITY HOLDERS OF SUPERIOR ENERGY SERVICES AND FORBES ENERGY SERVICES ARE ADVISED TO CAREFULLY READ THE REGISTRATION STATEMENT AND JOINT PROXY STATEMENT/PROSPECTUS (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS THERETO) WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE TRANSACTION, THE PARTIES TO THE TRANSACTION AND THE RISKS ASSOCIATED WITH THE TRANSACTION.
  • A definitive joint proxy statement/prospectus will be sent to security holders of Forbes Energy Services in connection with the Forbes Energy Services shareholder meeting.

VAALCO Announces Etame 9H Development Well Has Been Successfully Completed and Placed on Production at Higher Than Anticipated Rate

Retrieved on: 
Tuesday, December 3, 2019
Petroleum production, Workover

With the Etame 9H well online, we expect our 2019 net exit production rate to average 4,500 to 4,700 BOPD, 16% higher than our previous estimate of 3,800 to 4,100 BOPD net to VAALCO.

Key Points: 
  • With the Etame 9H well online, we expect our 2019 net exit production rate to average 4,500 to 4,700 BOPD, 16% higher than our previous estimate of 3,800 to 4,100 BOPD net to VAALCO.
  • The Etame 10H workover, if undertaken, could restore additional production of 735 gross BOPD, or 200 BOPD net to VAALCO.
  • The Etame 9H development well was drilled and completed as planned, 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.

Global Hydraulic Workover Units Market 2019-2023 | Growing Use of Laser Technology in Workover Operations to Boost Growth | Technavio

Retrieved on: 
Monday, October 28, 2019
Technology, Energy, Other Technology, Oil, Gas, Oil wells, Petroleum production, Workover, Snubbing, Laser, Energy, Technology, Articles

View the full release here: https://www.businesswire.com/news/home/20191028005032/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20191028005032/en/
    Technavio has announced its latest market research report titled global hydraulic workover units market 2019-2023.
  • The increase in the number of workover operations will increase the demand for hydraulic workover units over the forecast period.
  • Laser workover systems can deliver high power laser energy to perform laser workover and completion operations in deep boreholes within the earth.
  • Therefore, the use of laser technology in workover operations is increasing which will fuel the growth of the global hydraulic workover units market size during the forecast period.

Helix Announces Contract for New Q7000 Vessel

Retrieved on: 
Monday, August 5, 2019
Oil, Gas, Energy, Oil wells, Petroleum production, Petroleum industry, Helix Energy Solutions Group, Energy, Well intervention, Industries, Workover, Helix

Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today that it has entered into a contract for its new-build semi-submersible well intervention vessel, the Q7000.

Key Points: 
  • Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today that it has entered into a contract for its new-build semi-submersible well intervention vessel, the Q7000.
  • The vessel will be performing subsea workover and integrated well intervention services with a major client offshore Nigeria, an estimated minimum 80-day campaign.
  • Helix continues to mobilize the vessel from the shipyard in Singapore, and the project is scheduled to begin in early January 2020.
  • Owen Kratz, President and Chief Executive Officer of Helix, stated, We are very pleased to announce our first contract for the Q7000.

Technologically Advanced and Eco-Friendly Oilfield Chemicals Pave the Way for Increased Application Use and Oilfield Chemical Market Expansion

Retrieved on: 
Tuesday, July 9, 2019
Petroleum production, Oil wells, Technology, Enhanced oil recovery, Drilling fluid, Workover, Well stimulation, Inventions

For further information on this analysis, please visit http://frost.ly/3kn

Key Points: 
  • For further information on this analysis, please visit http://frost.ly/3kn
    The market is currently in a growth stage and presents extensive opportunities for oilfield chemical manufacturers.
  • This has an adverse effect on the extent of oilfield services activities and impacts demand for oilfield chemicals," noted Dabholkar.
  • Frost & Sullivan's recent analysis, Global Oilfield Chemicals Market, Forecast to 2025, analyzes major market drivers and restraints, end-industry growth trends, technology trends, and market trends.
  • Application segments covered include drilling fluids, workover and completion fluids, production chemicals, cementing chemicals, well stimulation chemicals, and enhanced oil recovery chemicals.

Technologically Advanced and Eco-Friendly Oilfield Chemicals Pave the Way for Increased Application Use and Oilfield Chemical Market Expansion

Retrieved on: 
Tuesday, July 9, 2019
Petroleum production, Oil wells, Technology, Enhanced oil recovery, Drilling fluid, Workover, Well stimulation, Inventions

For further information on this analysis, please visit http://frost.ly/3kn

Key Points: 
  • For further information on this analysis, please visit http://frost.ly/3kn
    The market is currently in a growth stage and presents extensive opportunities for oilfield chemical manufacturers.
  • This has an adverse effect on the extent of oilfield services activities and impacts demand for oilfield chemicals," noted Dabholkar.
  • Frost & Sullivan's recent analysis, Global Oilfield Chemicals Market, Forecast to 2025, analyzes major market drivers and restraints, end-industry growth trends, technology trends, and market trends.
  • Application segments covered include drilling fluids, workover and completion fluids, production chemicals, cementing chemicals, well stimulation chemicals, and enhanced oil recovery chemicals.