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The contract is for the provision of the NAGA 7 jack-up drilling rig to undertake drilling services for ConocoPhillips, which entails drilling up to three wells offshore Sarawak, Malaysia, sometime in the first half of 2021.
The survey will be acquired using an Extended Long Offset configuration, with the Ramform Tethys seismic vessel towing a wide multi-sensor GeoStreamer spread with an additional source vessel located several kilometres ahead.
The divestment includes Seabed’s ocean bottom node inventory, handling equipment, related technology and order backlog.
The Sirung-1 wildcat well in Block SK405B was drilled to a total depth of 2538 m where it encountered a significant oil and gas column of more than 100 m, in the clastic reservoirs.
Neptune Energy’s revised estimate of the indicative recoverable resources is 40 – 108 million boe, which will be subject to further detailed analysis and review.
The companies' agreement provides for the creation of a gas and crude oil development hub through a synergy with existing MLE-CAFC installations.
The licensees will assess the discovery, about 15 km south of the Edvard Grieg field, with regard to a possible tie-in to the Solveig field.
The company expects that the acquisition, on behalf of an unnamed customer, will take place in the beginning of 3Q21.
The US$615 million deal includes all INEOS Oil & Gas interests in production, licenses, fields, facilities and pipelines, on the Norwegian continental shelf.
The newly established Aker BP UK has taken a 50% interest in licence P2511 on the UK Continental Shelf.
The well in licence VIC/P43 intersected a gross gas column of 69.5 m in the Upper Waarre Formation, including 62.9 m of net gas pay, with a gaswater contact intersected at 1990 m measured depth.
Preliminary estimates place the size of the discovery between 12 and 19 million m3 of recoverable oil equivalent, corresponding to 75-120 million bbl of recoverable oil equivalent.