Offshore & subsea

BW Offshore recorded a non-cash impairment to the book value of the FPSO fleet and other assets of US$233.1 million for 1Q20.

The royalty payments came from oil production at the offshore Stabroek block.

Gas extracted from the UK Continental Shelf has an average emission intensity of 22 kgCO2e/boe, whereas imported LNG has an average intensity of 59 kgCO2e/boe, according to data from the Oil and Gas Authority.

The scope of the agreement extends, but is not limited, to offshore trunklines.

The agreement has been made with an unnamed company.

The company has agreed a contract with Stena Drilling for the provision of an offshore drilling rig, with drilling planned to commence between 15 December 2020 and 1 February 2021.

The Skogul field is located in the immediate vicinity of the Vilje field, in which PGNiG Upstream Norway has a 24.24% share.

The Rowan Norway mobile facility will be used for the plugging and abandonment of six wells in the Ekofisk field.

The Mako field's 2C (contingent) recoverable resource estimates have been increased to 495 billion ft3, an increase of approximately 79% compared with a 2019 audit.

The rig time was reduced from seven days on a conventionally drilled well to four days using Neodrill's CAN technology.

The 900 km2 survey provides increased resolution and sharper imaging of prolific Upper Cretaceous plays in Ivory Coast block CI-706.

The license holders of the Duyung PSC are now Conrad Petroleum (76.5% operated interest), Coro (15% non-operated interest) and Empyrean Energy (8.5% non-operated interest).

Shell is the operator of the block with a 45% stake, along with Chevron, also at 45%, and Ecopetrol, with 10%.

The Parque das Baleias Area offshore Brazil has reached the mark of 1 billion bbl of oil produced.

The Penglai 19-3 oilfield area 4 adjustment/Penglai 19-9 oilfield phase II project is expected to reach its peak production of approximately 15 681 bpd in 2022.