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» Corva, Nabors see early
results from partnership on
automation system
» IADC Southern Arabian
Peninsula Chapter continues
work on HSE, begins
sustainability initiative
» IADC signs collaboration
agreement with Oman’s
OPAL » Service company award
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» Industry champions critical
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» Raymond James: Despite
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JAN UARY/FEB RUARY 2024 • D R I LLI N G CO N T R ACTO R




PEOPLE, COMPANIES & PRODUCTS • DE PAR TM E NTS
Chesapeake, Southwestern Energy agree to merge
Chesapeake Energy
Corp and
Southwestern Energy have agreed to be
combined in an all-stock transaction
valued at $7.4 billion. The combined
$24 billion natural gas company, which
will assume a new name at closing,
will pull together large-scale acreage in
Appalachia and the Haynesville Shale.

Together, the companies' assets have a
current net production of approximately
7.9 billion cu ft/day, with more than 5,000
gross locations.

Mike Wichterich will serve as Non-
Executive Chairman and Nick Dell'Osso
as President and CEO. The combined
company anticipates it will retain
Chesapeake's headquarters in Oklahoma
City but will also maintain "a material
presence in Houston."
According to Wood Mackenzie, the
merger will create a company that pro-
duces 3.3 billion cu ft/day, owns over 20%
of Haynesville production and controls
over 600,000 net acres.

Arabian Drilling orders additional top drives from Kenera
Kenera has secured a contract to deliv-
er five top drives and five iron rough-
necks to Arabian Drilling for newbuild
rigs to be operated in Saudi Arabia. The
order follows a previous contract for five
top drives awarded in September 2023.

Kenera's Bentec business unit will
deliver the top drives, which will offer
remote monitoring and troubleshooting
through Bentec's digital service platform,
rigCARE, to optimize the drilling process
and reduce well delivery times.

KCA Deutag, Pruitt join forces to provide MPD solutions
KCA Deutag and Pruitt have signed an
exclusive partnership agreement to col-
laborate globally on managed pressure
drilling (MPD) opportunities.

The partnership provides Pruitt with
access to KCA Deutag’s resources, rig
engineering, and supply and manufac-
turing bases in Europe and the Middle
East, while KCA Deutag will benefit from
the inclusion of Pruitt’s MPD solutions in
its drilling operations.

Pipe manufacturing plant
wins LEED certification
Tenaris’ Bay City, Texas, plant has
received Leadership in Energy and
Environmental Design (LEED) certification
– the first pipe manufacturing facility in
the U S to achieve this designation.

The U S Green Building Council has
recorded fewer than 10 LEED-certified
industrial projects in the US since 2010 .

Halliburton partners with
Oil States on MPD solutions
Halliburton and Oil States Industries are
collaborating to develop managed pres-
sure drilling (MPD) solutions that provide
improved control in narrow pressure win-
dows in deepwater. The collaboration will
provide operators and drilling contractors
with an MPD product-service combination
to safely access greater operational effi-
ciencies like ease of handling and stream-
lined installation.

Mark Moffat takes reins
from Darren Roos as IFS CEO
IFS has promoted Mark Moffat to CEO ,
taking over from Darren Roos, who has
been appointed as the company’s Chair of
the Board. Mr Moffat was previously IFS'
Chief Customer Officer and held several
senior positions at PwC before joining IFS.

Mark Ritchie heads up
Enteq's new Aberdeen office
Enteq Technologies has opened a new
office in Aberdeen that will function as the
company's support services headquarters .

Mark Ritchie, Enteq's recently appointed
CFO, will head up this UK office.

Research project targets
extended-reach needles
port Velesto with rig moves to adja-
cent countries, including Vietnam,
Indonesia or Thailand, over a one-
year period. ABL is expected to survey
and approve 14-16 rig moves offshore
Malaysia for Velesto ’s six-rig fleet dur-
ing the period.

AGR lands new contract
in Guinea-Bissau
Aker BP and Fishbones have begun a
technology development project focusing
on extended-reach needles, small-diam-
eter laterals that penetrate reservoirs to
increase recovery. The aim is to extend
the reach of existing Fishbones needles
by 50%, from 12 m to 18 m, which will
enable the efficiency of the company's lat-
eral stimulation technology. The Research
Council of Norway is backing the project
with a NOK 1.25 million grant.

BIO-UV to supply ballast
water system for drillships
BIO-UV Group has received an order
ABL secures rig moving deal
with Velesto Drilling
AGR has secured a contract with
from an offshore drilling contractor based
Apus Energia Guinea-Bissau for a deep-
in the United Arab Emirates to supply the
water exploration well . AGR will pro-
BIO-SEA ballast water treatment system
ABL has been awarded a contract by
vide consultancy in well construction,
to a pair of drillships . The order calls for
Velesto Drilling to provide marine war-
drilling engineering, procurement, sup-
the delivery of a modular version of the
ranty survey services relating to rig moves
ply chain management and operational
system , and the units will provide for flow
offshore Malaysia. ABL will also sup-
supervision of the drilling.

capacities up to 750 cu m/hr.

D R I LLI N G CO N T R ACTO R • JAN UARY/FEB RUARY 2024
47