Drilling & production

The company has said it will invest in appropriate accredited voluntary offsets to achieve scope 1 and 2 net zero emissions.

The cash and stock transaction is valued at approximately US$788 million.

Blythe is the second development well in IOG's Phase 1 North Sea project and is expected to take under three months to drill and complete.

The Liuhua 21-2 oilfield is is expected to reach its peak production of approximately 15 070 bpd in 2023.

The East Cendor field in Block PM304, operated by Petrofac and located 140 km offshore Peninsular Malaysia, achieved its first oil production on 23 June 2021.

Kentech has also rebranded as Kent.

HydroVolve, based in Aberdeen, UK, has appointed Jamie Airnes as CEO and launched a new range of technology solutions built on its patented hydraulic-powered downhole engine.

A tribunal ruled in September 2019 that Ecuador owed Perenco US$391 million as a result of its takeover of Blocks 7 and 21.

Equinor and TotalEnergies have transferred their interests in the Petrocedeño project to PdVSA.

Operator Neptune Energy estimates the reserves at the Duva field in the Norwegian North Sea to be approximately 11 million m3 of oil equivalent.

Production operations have resumed following the Aoka Mizu FPSO's scheduled annual maintenance shutdown.

FPSO Almirante Tamandaré will be deployed at the Búzios field in the Santos Basin, approximately 180 km offshore Rio de Janeiro in Brazil.

Proserv will manufacture and deliver 22 wellhead controls panels for use on the Majnoon oilfield in Iraq.

The Tornado Attic well is currently producing above the previously estimated 8 - 10 000 boe/d range, according to the company.

Malaysia is expected to contribute 3.1 billion ft3 of global natural gas production in 2025 from key offshore planned and announced projects that are expected to start operations between 2021 and 2025.