Offshore & subsea

A total of 193 blocks were auctioned in Brazil’s December 13 oil and gas licensing round – 192 under concession and one under production sharing agreement.

Neptune Energy and its partners has announced a new discovery at the Kyrre prospect and confirmed the volumes for the Ofelia appraisal well, both located in the PL 929 licence, close to the Gjøa field in the Norwegian sector of the North Sea.

Chariot Limited’s acreage offshore Morocco includes the 18 Bcm (gross) Anchois gas development and significant exploration prospectivity.

According to the NPD, there are vast proven gas resources on the Norwegian shelf which are currently without development plans. Much of this gas is located in tight reservoirs – which makes it difficult to produce.

Jadestone Energy has announced that the final well in the Company’s 2023 East Belumut field drilling campaign offshore Peninsular Malaysia has now been completed.

The latest win marks the eighth project collaboration between BrasFELS and MODEC, reflecting the long-standing partnership the two organisations have enjoyed for more than a decade.

The company has secured a well management contract with Apus Energia Guinea-Bissau S.A. for a deepwater exploration well in the Sinapa license offshore Guinea-Bissau, with drilling set to commence in the summer of 2024.

According to Wood Mackenzie, OPEC+ is preparing for 2024 demand uncertainty by retaining current targets and agreeing to voluntary cuts.

DNV has issued a Statement of Qualified Technology for Strohm’s 6 in. EGF-PE pipe, as per the DNV-ST-F119 standard, for its use as a flowline or jumper in deep waters.

Government, regulators and industry chiefs gathered in Aberdeen on 29 November to discuss the outlook for investment in the North Sea following several strong votes of confidence in the basin.

McDermott has received a limited notice to proceed for an EPCI contract from Shell Trinidad and Tobago Limited for the Manatee gas field development project, located off the east coast of Trinidad and Tobago.

Saipem has been awarded two offshore contracts, one in Guyana and the other in Brazil, worth approximately US$1.9 billion.

The President of the Republic of Côte d’Ivoire Alassane Ouattara, and Eni CEO Claudio Descalzi met in Abidjan to celebrate production start-up from the Baleine field, situated off the eastern coast of Côte d’Ivoire, and to review Eni's activities in the country.

The volume of CO2 being injected into the North Sea by 2050 will be equivalent to the natural gas currently being extracted from the basin, according to a new report from global energy consultancy Xodus.

BW Energy has completed the acquisition of the FPSO Cidade de Vitoria from Saipem S.p.A. The FPSO is currently producing approximately 10 000 bpd of oil from the Golfinho field offshore Brazil, supported by the Company’s local operating organisation.