Offshore & subsea - 20 April 2021

The semi-submersible rig Mærsk Developer is to perform well intervention for Karoon Energy at the Baúna field, offshore Brazil.

Oil production in March was 0.7% lower than the Norwegian Petroleum Directorate’s forecast, and 0.2% lower than the forecast so far this year.

The aim of the tool is to better qualify and quantify forecasting for operators and regulators.

York started production in 2013 and was planned to produce until 2020, but production has been extended until 2023/24.

Gas is being delivered to eastern Australia with the commissioning of the Gippsland Basin Joint Venture’s West Barracouta project.

Advance Energy now has a 50% interest in the Buffalo project offshore East Timor, with drilling expected to begin in late 2021.