Orcadian Energy, Orsted and Katoni Engineering must now complete work on their studies by 31 March 2022, with project reports to be published in 2Q22.
The latest upstream news
Under the contracts, Worley will continue to provide project management, engineering, design, fabrication and installation supervision for Saudi Aramco’s portfolio of offshore projects.
The contract is for drilling a well in the Oswig prospect in Block 30/5C of the Northern North Sea basin offshore Norway.
Shell said in a statement that it had "concluded the economic case for investment in this project is not strong enough at this time, as well as having the potential for delays".