Offshore & subsea

Construction and installation activities at the approximately US$4 billion Jansz-Io Compression project, offshore Western Australia, are estimated to take approximately five years to complete.

The field will produce around 115 000 boe/d at plateau, with the start of production having been delayed from 2016.

Total investments in the project, intended to extend the lifetime of the Alvheim field, are projected at around US$1 billion and production is scheduled to start in 1Q24.

The companies say that the new unit will aim to recycle as much of the materials from decommissioned offshore platforms as possible.

Dagang NeXchange has increased its stake in Ping Petroleum to 90%.

The FPSO P-71 will undergo modification and integration before deployment at the Itapu field offshore Brazil.

Equinor and partners Petoro, Vår Energi and Total E&P Norge have decided to develop the Lavrans discovery and the Kristin Q-discovery.

Carnarvon Petroleum has signed a letter of intent with an unnamed rig contractor, and a formal rig contract is now being finalised.

OGUK's Methane Action Plan for the North Sea includes targets to reduce methane emissions by 50% compared to 2018, committing to 0.20% methane intensity by 2025 and stopping all routine flaring by 2030.

The company has completed decommissioning and removal of the Sable Project off the coast of Nova Scotia, Canada.

TechnipFMC will supply subsea trees with controls, electrical and hydraulic distribution units, topside systems, and installation and intervention support services with rental tooling.

Production from the Breidablikk field in the North Sea is scheduled to start in the first half of 2024.

The Baltic jack-up rig has been contracted by Total E&P Nigeria for five wells, starting this month.

The bareboat charter for the Samsung Santorini is approximately two years in duration and provides for the option to purchase the ship.

The Australian government is proposing to levy AUS$0.48/bbl on all offshore oil producers in order to cover the cost of decommissioning the Laminaria-Corallina oilfields, located in the Timor Sea.