Production starts from Martin Linge field
The field will produce around 115 000 boe/d at plateau, with the start of production having been delayed from 2016.
The field will produce around 115 000 boe/d at plateau, with the start of production having been delayed from 2016.
Total investments in the project, intended to extend the lifetime of the Alvheim field, are projected at around US$1 billion and production is scheduled to start in 1Q24.
The companies say that the new unit will aim to recycle as much of the materials from decommissioned offshore platforms as possible.
Dagang NeXchange has increased its stake in Ping Petroleum to 90%.
The FPSO P-71 will undergo modification and integration before deployment at the Itapu field offshore Brazil.