Delivery of the Framo pumping systems is scheduled for 2021.
Offshore & subsea
The approval enables the commencement of the drilling of six firm development wells by Pharos Energy in 4Q21.
The company will continue as ConocoPhillips' main supplier of maintenance and modifications work offshore Norway.
The review follows the suspension of major construction activities in March due to the COVID-19 pandemic and the company’s capital re-prioritisation following the global economic downturn.
Under the terms of the agreement, Shell will acquire Kosmos’ participating interest in blocks offshore São Tomé & Príncipe, Suriname, Namibia, and South Africa.
Redtail-1 encountered approximately 232 ft (70 m) of high quality oil bearing sandstone and was drilled in 6164 ft (1878 m) of water.
Noble Drilling Norway AS has been awarded a contract by Equinor for drilling three wells at the Valemon field.
The API has said the extension of the moratorium on the Eastern Gulf of Mexico (EGOM) and expanding it to the South Atlantic "is the wrong approach at the wrong time".
Analysis of the wells drilled at Martin Linge before the company took over concluded that several of the wells do not have the necessary barriers.
With the projects so far planned in Europe, Rystad expects that 3 million tpy of CO2 capture and storage capacity will be added each year from 2021 to 2025, then jumping to 7 million tpy in the next five-year period 2026–2030.
Kariya Energy will be pursuing acquisitions of various exploration and development plays either through farm-in deals or operatorship through risk service contracts, or direct negotiations with sovereign governments.
The compressed air system will consist of four large capacity service and instrument air compressors with associated air dryers and filters.