Drilling & production

The contract is for a firm term of 1040 days with commencement expected in December 2022.

DeltaTek has experienced significant expansion in the last year, having entered new markets and delivered operations in the Gulf of Mexico, West Africa and Asia Pacific.

A jack-up rig has commenced activities on the Etame 8H-ST development well, which is expected to be completed in January with production expected later in 1Q22.

The deal would create a global top 20 oil and gas company and make Santos the largest shareholder in PNG's biggest resource project, the PNG LNG project, run by ExxonMobil.

The plans are part of the corporate-wide effort to reduce upstream greenhouse gas emissions intensity by 40-50% by 2030, compared to 2016 levels.

The tie-back project will reach a production of 40 000 boe/d in mid-2022.

The company has set annual capital spending through 2027 at US$20 billion to US$25 billion.

In the company's upstream business, approximately US$8 billion is allocated to currently producing assets, including about US$3 billion for Permian Basin unconventional development and approximately US$1.5 billion for other shale and tight assets worldwide.

Petrogas will employ the harsh-environment jack-up rig Maersk Resilient to drill the appraisal well.

The project involves the construction of a hydrocarbon collection system and the transport of gas and condensate to the new Jafurah plant, in the Eastern Province of Saudi Arabia.

The Buzzard Phase II development in the UK North Sea is expected to reach its peak production of approximately 12 000 boe/d in 2022.

Columbus is expected to be producing at its potential by early December.

The contract is for the Ron Tappmeyer jack-up rig.

Borr Drilling's Prospector-1 jack-up drilling rig has spudded the Q11-B appraisal well.

The company has started an interim three-well development programme at the concession in Egypt.