Offshore & subsea

The Sapote-1 well offshore Guyana encountered non-commercial hydrocarbons in one of the deeper exploration targets, following drilling by the Stena DrillMAX drillship.

Bureau Veritas will deploy its digitalised delivery model BV Compliance for Ithaca Energy to deliver verification (including remote) certification and classification services, and environmental verification and audit services across the assets.

Preliminary estimates show that between 3 and 10 million standard cubic meters of recoverable oil equivalents have been proven in in exploration well 6407 / 1-9 - Egyptian Vulture, corresponding to 19-62 million barrels.

The acquisition from OMV Norge takes Lundin Energy’s working interest to 35% in the 500 million barrel oil development.

The project will encompass approximately 6800 km2, with final products expected in 4Q22.

The parties to the MoU will progress discussions with the view to signing final agreements to implement the Anchois Gas Development, with targeted Final Investment Decision in 2022 and first gas in 2024.

The Mugnetind discovery is estimated to contain recoverable resources between 5 and 11 million boe, which is not considered to be commercial in isolation.

Three companies currently operating FPSOs on the UKCS have submitted detailed proposals to Orcadian.

As part of the transaction, Repsol has assumed responsibility for the day-to-day operation of the rig on the Yme field, leasing the rig from Havila Sirius on behalf of the Yme licensees.

A disruption at a gas well in Indonesia's Merakes gas field is likely to affect the project's production for as long as 6 months.

The agreement will see the companies identify SURF projects worldwide that could be jointly executed for the benefit of clients.

Equinor’s preliminary estimate of recoverable resources in the Egyptian Vulture discovery is 19 to 63 million boe (gross) and the oil-in-place volume has been estimated at 220 to 440 million boe (gross).

Winners to be awarded a share of the fund will be announced in early December, with work to be completed by 31 March 2021 and project reports to be published in 2Q22.

The company has signed an agreement to acquire the semi-submersible drilling rig Leo from Aquadrill LLC for a total consideration of US$14 million.

Expected recoverable reserves in Yme are estimated to be approximately 10 million standard cubic meters of oil – or 63 million barrels.