The company has awarded a US$615 million (AED 2.26 billion) engineering, procurement and construction (EPC) contract to Petrofac Emirates for constructing carbon capture units, pipeline infrastructure and a network of wells for carbon dioxide injection at the Habshan gas processing plant.
Preliminary estimates indicate a total structure discovered volume of 5 trillion ft3 of gas in place with a content of condensate estimated up to 400 milion bbl.
The company forecasts that even in scenarios of 1.9 – 2.5°C warming, with rapid growth in renewable energy sources, the current set of existing gas fields will not meet global demand, requiring rapid growth in unconventional gas supply.
The company has announced that drilling has commenced on the Ofelia appraisal well in the Norwegian sector of the North Sea.
The company has reported that substantial drilling activity, averaging 53 000 wells per year through to 2030, will help elevate production of crude, condensate, natural gas and natural gas liquids (NGLs) to a high of 173 million boe/d by 2030, up 9% from 159 million boe/d in 2022.
As part of its scope, DeepOcean removed six subsea conductors and four vertical supports at varying water depths and removed the upper conductor guideframes with an estimated weight of 400 t.
This acquisition adds to HEYCO’s expanding European portfolio, following the purchase of a gas field in Northern Spain and the establishment of a Madrid office in 2022.
As consideration for the sale, Talos received US$74.85 million in cash at closing, with an additional US$49.90 million due upon first production, for an aggregate price of US$124.75 million.
The contract covers the manufacture and installation of subsea production systems, flexible and rigid pipe, and umbilicals, as well as connection to the host facility.
McDermott has been awarded a transportation and installation contract by PRIO for the Wahoo field, offshore Brazil.
CGG has announced the start of a new multi-client 3D PSDM reimaging programme in the Tano Basin offshore Côte d’Ivoire in association with the country’s Direction Générale des Hydrocarbures (DGH) and national oil company, PETROCI Holding (PETROCI).
The company has made a gas discovery in well 6607/3-1 S, 225 km west of Sandnessjøen.
Equinor and Ithaca Energy have taken the final investment decision to progress Phase 1 of the Rosebank development on the UK Continental Shelf (UKCS), investing US$3.8 billion.
TGS has announced a northern extension to its previously announced Pontiac 3D Survey in the Midland Basin, Texas, US.
CNOOC Limited has announced that the Bozhong 28-2 south oilfield second adjustment project has commenced production.