Drilling & production

First production from the well in the UK North Sea was achieved on 23 August.

Estimated recoverable reserves from Solveig are 9.2 million m3 of oil equivalent in Phase 1.

The company has said that all options will be considered, including the sale of some or all the assets.

Aker BP’s preliminary resource estimate for the discovery was between 13 and 32 million m3 of recoverable oil, but this is likely to be downgraded.

The Sapote-1 prospect is located in the south eastern section of the Canje Block, operated by ExxonMobil.

The Timi development features Shell's first wellhead platform in Malaysia powered by a solar and wind hybrid renewable power system.

Recoverable volumes from Troll phase 3, which will produce the Troll West gas cap, are estimated at as much as 347 billion m3 of gas.

INEOS acquires 61.5% of the Syd Arne oilfield, currently operated by Hess, which complements the 36.8% share INEOS already holds in the field. INEOS will also acquire 4.8% of the Solsort field, which is already operated by INEOS.

Once delivered from the shipyard, the Deepwater Atlas is expected to commence operations at the Shenandoah project in 3Q22, with the initial drilling programme expected to last approximately 255 days.

The Noble Roger Lewis, Noble Scott Marks, Noble Joe Knight, and Noble Johnny Whitstine are to be sold and the current drilling contracts novated to ADES.

According to Vaalco, compared to the current FPSO solution the Cap Diamant FSO will reduce storage and offloading costs at the Etame field offshore Gabon by almost 50%, as well as lower total operating costs by approximately 17% to 20% through to 2030.

The Grove North East development well (49/10a-G7) encountered carboniferous reservoir units at the target depth, with around 250 ft (gross) gas-bearing B & C sandstones present.

The FPSO Carioca has started producing oil and natural gas from the field, located in the Santos Basin.

The Luda 6-2 oilfield is expected to reach its peak production of approximately 10 000 bpd in 2022.

ADNOC has signed framework agreements with AMEC International Ltd, Fluor, McDermott, Mott MacDonald, SNC-Lavalin International Arabia Limited – Abu Dhabi, Technip Energies, Worley, and a joint venture between Tecnicas Reunidas and NPCC.