PEOPLE, COMPANIES & PRODUCTS • DE PAR TM E NTS
Patterson-UTI acquires drill bit provider Ulterra
Patterson-UTI Energy has com-
pleted its acquisition of Ulterra Drilling
Technologies. The transaction was first
announced in July.
In addition to a growing presence in the
dynamic Middle East market, the bit pro-
vider also has sales, manufacturing and
repair facilities across North and South
America and Asia.
Further, Ulterra’s BitHub data platform
complements Patterson-UTI’s PTEN+ data
platform. “We believe the combination of
data systems from Patterson-UTI, NexTier
and Ulterra will create the most compre-
hensive set of data for drilling and comple-
tions in the United States,” said Andy
Hendricks, Patterson-UTI CEO.
Patterson-UTI’s merger with NexTier
was announced in June and is expected to
close before the end of 2023.
ExxonMobil to boost CCS footprint with Denbury acquisition
ExxonMobil entered into a definitive
agreement to acquire Denbury in an all-
stock transaction valued at $4.9 billion.
The acquisition will provide ExxonMobil
with the largest owned and operated CO 2
pipeline network in the US at 1,300 miles,
including nearly 925 miles of CO 2 pipe-
lines in Louisiana, Texas and Mississippi,
as well as 10 strategically located
onshore sequestration sites. In addition
to Denbury’s carbon capture and storage
assets, the acquisition includes Gulf Coast
and Rocky Mountain oil and natural gas
operations. The transaction is expected to close in
Q4 2023.
Semco Maritime nets contract from TotalEnergies in Denmark
Semco Maritime was awarded a five-
year contract for the provisioning of field
support personnel for core crew and
campaign positions from TotalEnergies
Denmark. The contract began in July
2023 and covers offshore positions for
production operators, permit coordinator
assistants, HSE supervisors and labora-
tory technicians.
The two companies had also previously
agreed to a construction service contract
in November 2022.
Shell to sell off interest
in Indonesia’s Masela Block
Shell has agreed to sell its 35% par-
ticipating interest in Indonesia’s Masela
Production Sharing Contract, which
includes the Abadi gas project, to
Indonesia’s PT Pertamina Hulu Energi and
Petronas. The transaction is targeted to be
completed in Q3 2023.
BiSN alloy qualified for P&A,
abandonment for Sasol
BiSN worked with operator Sasol in
Mozambique to qualify its Wel-lok tool for
rigless P&A and intervention operations.
The collaboration involved deploying the
BiSN alloy via perforations in 95/8-in. cas-
Petrobras invests in SLB
digital platform for E&P
SLB has been awarded a five-year
contract by Petrobras for an enterprise-
wide deployment of its Delfi digital
platform. The contract scope covers
Petrobras’ digital transformation from
exploration, development and produc-
tion operations, including moving
subsurface workflows to the cloud to
accelerate decision making. The award
represents one of Petrobras’ largest
investments to date in cloud-based
technologies. GD Energy Products adds
new Canadian facility
GD Energy Products has expanded
its Canadian reach with the opening
of a sales, service and repair facility in
Grande Prairie, Alberta. The new loca-
tion will feature more than 11,000 sq ft
of work space, including a dedicated
pull-through wash bay and two pull-
through service bays with a 10-ton
crane. EnerMech wins five-year
contract with TotalEnergies
ing to isolate formation activity from a
gas-bearing silt layer and create a suit-
able regional seal within a 10-m thick
shale interval. The project established the
viability of the alloy to replace traditional
cement. FET announces partnership
with UnderOcean in Brazil
Forum Energy Technologies (FET)
appointed UnderOcean to represent its
subsea operations in Brazil. The partner-
ship will see UnderOcean provide business
development and engineering support on
behalf of FET’s Subsea Technologies prod-
uct line. UnderOcean will also deliver ser-
vices for FET’s remotely operated vehicles.
Integrated solutions specialist
EnerMech received a five-year con-
tract by TotalEnergies EP Congo for
crane and lifting maintenance at a
new facility to be built at Pointe-Noire.
The work scope also includes spe-
cific maintenance of crane and lifting
equipment, as well as onshore and
offshore parts supply for three off-
shore sectors. The agreement further
includes riser pulling systems, moor-
ing and tensioning systems.
Chesapeake sells Eagle Ford
acreage to SilverBow
Chesapeake Energy sold off its
remaining Eagle Ford assets to
SilverBow Resources for $700 million,
bringing the total proceeds from its
Eagle Ford exit to more than $3.5 bil-
lion. The sale incorporates approxi-
mately 42,000 net acres and approxi-
mately 540 wells in the condensate-
rich portion of its Eagle Ford asset
located in Dimmit and Webb counties.
Chesapeake expects the transaction
will close this year.
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