Offshore
News
April 04, 2024
For work in the offshore oil and gas industry, the frame agreement covers planned or unplanned marine services using remote operated intervention methods with or without the use of PRS equipment.
News
April 04, 2024
Covering a surface area of approximately 600 km2, in water depths ranging from 50 m to 100 m, 19 wells have been drilled on Block EG-23 to date resulting in seven hydrocarbon discoveries (four oil, two gas and one gas/condensate), some of which have been tested.
News
April 03, 2024
The Yumna-5 well will be drilled at the crest of the structure to drain attic oil left un-swept by the current producers.
News
April 03, 2024
The FPSO will have a topside designed to produce approximately 250,000 bpd and will have associated gas treatment capacity of 540 MMcfd, water injection capacity of 350,000 bpd and produced water capacity of 300,000 bpd.
News
April 03, 2024
Who Dat East is estimated to contain 17 MMboe of gross unrisked 2C Contingent Resources. The Who Dat South prospect is estimated to contain 31 MMboe of gross unrisked 2U Prospective Resources, with the geological probability of success estimated to be 52%.
News
April 03, 2024
In partnership with Malaysia Petroleum Management (MPM), PETRONAS, the custodian of oil and gas resources in Malaysia, this project aims to provide insights on the exploration opportunities in a broader play fairway and to assess the carbon storage potential across Penyu basin area.
News
April 03, 2024
The SuperFill II diverter redirects fluid flow to minimize frictional pressure loss through the length of the landing string, which enhances the benefits of the auto-fill float equipment. The operating glass seat provides an open internal flow path with no restrictions once the diverter is closed.
News
April 02, 2024
CEO of Prima Energy Northwest Natuna, Pieters Utomo, emphasized that PENN will continue to commit to the development of the AAL oil field until reaching production by the end of 2026, with a production target of 20,000 bopd.
News
April 02, 2024
Discoveries made by TotalEnergies, Shell and Galp Energia have the potential to create thousands of jobs and contribute billions to the country’s GDP, with some estimating that Namibia’s economy could double by 2040
News
April 02, 2024
The scope under the frame agreement covers the majority of AGR’s services within the entire petroleum asset lifecycle, including reservoir and well management, well control and blowout contingency, operations geologists, and resourcing.
News
April 02, 2024
Transocean Ltd. announced a 365-day contract extension for the Deepwater Asgard with an independent operator in the U.S. Gulf of Mexico. The program is expected to commence in June 2024.
News
April 01, 2024
Production capacity is estimated to be 490 MMcfd, with production scheduled to begin by the end of 2026. In addition to the development of the upstream gas field, the Block B Project will also include a midstream development for gas transportation.
News
April 01, 2024
The divestment includes Beacon’s 18.7% interest in the Buckskin producing field, 17% interest in the Leon development, 16.15% interest in the Castile development, 0.5% interest in the Salamanca FPS/lateral infrastructure, and 32.83% interest in the Sicily discovery.
News
April 01, 2024
The scope of work on Åsgard A covers the recovery of two risers, installation of one new riser and flexible jumper and engineering, procurement, and installation of GRP Covers to protect the jumper. Offshore operations are schedule for fall 2024.
News
April 01, 2024
MODEC will be responsible for the design of the hull and all related topsides facilities for the FPSO, which is projected to be moored by a SOFEC Spread Mooring system. The produced stabilized crude will be stored in the FPSO tanks, and the oil will be offloaded to shuttle tankers to go to market.
News
March 31, 2024
Activities include acquiring over 26,000 km2 of 3D seismic data, drilling at least four deepwater research wells, and geoscientific studies in the Save and Angoche offshore regions.
News
March 29, 2024
The unified arbitration was approved after a March 26 application, according to a Hess letter to stockholders included in a Chevron regulatory filing on Thursday. Exxon and Beijing-based Cnooc, which own 45% and 25% of Stabroek, respectively, argue they have a right of first refusal over Hess’s stake in the block.
News
March 27, 2024
It is estimated that using DIAL will enhance the net present value (NPV) of each well by up to $50 million over their lifetime. The contract is expected to lead to further adoption of DIAL in West Africa and across the continent.
News
March 27, 2024
McDermott will remove the existing flexible gas lift riser and perform the installation and commissioning of a new dynamic riser section and flowline comprised of two thermoplastic composite pipe jumpers. This will enable gas delivery to a subsea production system tied back to the Kikeh FPSO vessel.
News
March 27, 2024
Production capacity at the Belbazem offshore block is set to progressively ramp up to 45,000 bpd of light crude and 27 MMcfd of associated gas, contributing to ADNOC’s target of reaching 5 MMbpd by 2027.
News
March 26, 2024
Atlanta is a large, deepwater oil field with gross in-place volumes exceeding 1 Bboe. The field is currently producing over 21,000 gross bopd and production is expected to increase to over 40,000 boepd by early 2025.
