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Mukuyu-1 sidetrack proves a working hydrocarbon system in the Cabora Bassa basin.

Wellesley estimates that the drilling campaign has proved a developable gas-condensate accumulation of 60 to 100 million BOE.

The Uganda oil project envisions drilling more than 450 wells on 35 well pads, leading to an estimated production of 230,000 BOPD at its peak once production starts up.

The next phase of drilling is expected to resume in mid-2024 and includes several sidetrack wells, long-reach directional wells, and stratigraphic exploration wells.

Challenges to development, including costs, cited as reasons for turning back the acreage.

Green hydrogen (i.e., hydrogen produced through electrolysis using electricity generated from the likes of wind turbines and solar panels) is growing rapidly in popularity as a successor to hydrocarbon fuel. … It is worth noting that hydrogen does have some issues, which, to be fair, have yet to be overcome.

New studies are a reminder that the effort to identify, classify, and nullify frac hits remains paramount to the future of the unconventionals business.

Jackup rig Borr Norve has started drilling operations on the project’s fourth production well, DHIBM-6H.

Additional milestones reached could add $14 million to purchase price.

The heated global floating rig market has day rates for high-end units climbing over a half million dollars and toward a newbuild cycle that will (likely) never come.