Drilling & production

During the fourth quarter, Aker BP experienced unplanned downtime at the Alvheim field due to technical issues. This has been resolved, and production is now restored.

DNO ASA has announced that gross production from its operated Tawke license in the Kurdistan region of Iraq continues to climb, with the December to date average approaching 90 000 bpd.

The company has announced that it has executed a contract with Borr Drilling Limited for the hire of the Norve jack-up rig, one of Borr’s fleet of high-specification drilling units, to drill the NJOM-3 well on Tower’s Thali license in Cameroon in 2024.

Neptune Energy and its partners EBN, Tenaz Energy and ExxonMobil Netherlands CCS, have progressed the L10CCS project from the Concept Select phase into the next Define/FEED phase.

The company has entered into an agreement to acquire Shell’s equity in and operatorship of the Linnorm discovery in the Norwegian Sea.

The company, in collaboration with its partners, DNO Norge and Equinor, has successfully completed the drilling of an appraisal well at the Bergknapp discovery in the Norwegian Sea.

Addressing Occidental Petroleum’s (OXY) purchase of CrownRock for US$12 billion, Robert Clarke, Vice President of Upstream Research at Wood Mackenzie said, “This transaction cements an absolute banner year in Permian acquisitions and divestments spend.”

The American Petroleum Institute (API) has called on the Biden administration to recognise the important role that Alaska plays in US energy security and support the continued development of energy resources in the National Petroleum Reserve (NPR-A).

The company is poised to expedite the development of these discoveries through a cluster development approach, paving the way for long-term growth in Malaysia.

The company expects the impact related to the Main Pass Oil Gathering pipeline shut-in to be immaterial to its fourth quarter 2023 results.

The company has announced a gas discovery in the Mukuyu-2 well at its 80% owned and operated Cabora Bassa Project in Zimbabwe.

The company has announced an expected organic capital expenditure range of US$15.5 – US$16.5 billion for consolidated subsidiaries (CAPEX) and an affiliate capital expenditure (affiliate CAPEX) budget of approximately US$3 billion for 2024.

The plan reflects a continued execution of the company’s strategy to provide the products society needs and to lower emissions.

The company has announced that it has been awarded gold standard status by the United Nation’s Environmental Programme (UNEP), recognising the company’s detailed plans to reduce methane emissions to near zero by 2030.

The facility will radically increase the operational capacity for BiSN in the Asia-Pacific region, creating several local jobs.