Drilling & production

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.

The acquisition includes approximately 8400 boe/d (51% oil and NGLs) of predictable low-decline production and 79.5 million boe of 2P reserves.

Duva is the third field involving Neptune Energy to be brought online this year, following Gjøa P1, also offshore Norway, in February and Merakes, offshore Indonesia, in April.

The jack-up rig Mærsk Innovator has been contracted to drill three subsea development wells in Block 28/9 on the UK Continental Shelf.

West Aquila has cancelled the resale contract for the 7th generation ultra-deepwater drillship West Aquila due to delay of delivery, as well as what it claims to be a repudiatory breach of contract.

Shell will use the VALARIS DS-10 for drilling one well offshore Namibia and Sao Tome and Principe.

The sale to Kentech was completed on 15 August, following receipt of Saudi Arabian regulatory approval.

The merger is expected to be completed in the second quarter of the 2022 calendar year with an effective date of 1 July 2021.

Production has started from the Cuica field via the Armada Olombendo FPSO vessel.

Woodside has confirmed it is in discussions with BHP over a potential merger involving BHP’s entire petroleum business.