The discoveries, which are the sixth and seventh this year, will add to the block’s previously announced gross discovered recoverable resource estimate of approximately 11 billion barrels of oil equivalent.
The ongoing Russia-Ukraine conflict is expected to support the development of offshore and subsea projects around the world, says GlobalData.
The company has been awarded an offshore E&C contract by Enimed, a subsidiary of Eni S.p.A., for the Transportation and Installation of an offshore gas pipeline connecting the four wells of Argo and Cassiopea Fields to the Sicilian coast (Italy).
CGG, a global technology and HPC leader, has announced a major multi-year global data transformation and curation agreement with bp, that will play a key role in supporting bp’s subsurface digital strategy.
The expected recoverable gross reserves from the field are estimated at 90 million boe, of which the majority will be oil, an amount which will help support Europe’s energy supply.
The industrial services provider will be responsible for all routine maintenance services and fabrication across Shell’s Deepwater GOM fleet for a minimum of three years, with the option to extend for a further two years.
The project, selected by the Petrobras Socio-environmental Program, will work with almost 800 direct participants from traditional fishing communities in the municipalities of Cabo Frio, São Pedro da Aldeia, Saquarema and Maricá until 2024, totalling 24 months of duration.
The company will provide a complete end-to-end managed service, as a fully independent riser system and connector OEM, which will be operated via a jack-up MODU, in water depths of 62 m.
The company has been awarded a two-year framework agreement to provide potable water management products and services to decommissioning specialists Well-Safe Solutions.
Under the terms of the three-year contract renewal, Petrofac will continue in its capacity as Duty Holder of the Kittiwake platform in the Central North Sea. It has held the role with EnQuest since 2014, and the asset’s previous owners since 2003.
Ofelia is positioned in one of Neptune’s core areas and close to existing infrastructure. The well, 35/6-3 S, is being drilled by the Deepsea Yantai, a semi-submersible rig, owned by CIMC and operated by Odfjell Drilling.
The Guyana investment strategy continues to yield positive results; additional exploration wells planned later this year, while production from two vessels currently operating offshore has exceeded their initial combined target of 340 000 bpd.
ZMI Holdings has announced that ADNOC Logistics & Services), the shipping and maritime logistics arm of ADNOC Group, has entered into definitive agreement to acquire ZMI. The transaction is subject to customary regulatory approvals and is expected to close in 4Q22.
The project is expected to come online in the mid-2020s, and at peak production rates, could represent over 6% of projected UK North Sea gas production in the middle of this decade, with operational emissions of less than 1% of the whole UK basin.
The company has been awarded a three-year contract by Shell to provide engineering and procurement services for several of its assets in the Gulf of Mexico (GOM).