Will rising demand, new exploration activity and a refresh of government policy bring renewed confidence in Asia-Pacific's upstream industry in 2019? Wood Mackenzie's research director Andrew Harwood shares his thoughts.
The contract will see Petrofac, along with its partner Serikandi Oilfield and Services Sdn Bhd, support Brunei Shell Petroleum and Brunei LNG.
The restart follows the oilfield’s maintenance and inspection shutdown.
The agreement will see Tendeka provide reservoir modelling and the installation of its FloSure Autonomous Inflow Control Devices.
The well was drilled at the Pecan field in the DWT/CTP block, approximately 166 km southwest of Takoradi in Ghana.
The company will provide optimisation services using its SeaCure technology for all 20 in. surface casings, which will be drilled from the Stena DrillMAX in approximately 1750 m of water.
The two wellhead outlets and a cable splice build upon recent growth in the market; product orders are up 26% year-on-year, following a growth of 15% in financial year 2016 - 17.
The company has announced that it has approved a major expansion at the Atlantis field in the U.S. Gulf of Mexico.
The latest developments have lifted the value of contract wins to RM9.3 billion for its current financial year.
The Stena Carron drillship is drilling the well, which is located 19 miles (31 km) east of the Pluma-1 discovery in the southeast Stabroek Block.
The award is a follow-up on the feasibility study completed by Penspen in July 2018.
Rise in offshore E&P activities to boost demand.
Wireline logging validates the initial results identified in the targeted R1/R2/R3 and the Mengo reservoirs and confirms oil columns amounting to 44 m across the identified horizons.
The company has announced the completion of works required for the restart of production from the Montara oilfield, following an extensive maintenance and inspection shutdown.
Equinor has awarded Aibel the EPC contract for the final bridge on the Johan Sverdrup field.