Offshore news

The latest preliminary estimates from the King and Prince exploration wells show volumes between 60-135 million barrels of recoverable oil equivalents.

Oil production in May was 4% higher than the Norwegian Petroleum Directorate’s forecast, and 1.2% higher than the forecast so far this year.

Facilities to be installed include a five-mile offshore lateral pipeline build from the Shenandoah platform in the Gulf of Mexico to Discovery’s existing Keathley Canyon Connector pipeline, and additional onshore processing facilities to handle the expected natural gas production.

The Gråsel reservoir is situated over the Skarv reservoir in the Norwegian Sea, about 210 km west of Sandnessjøen, and contains around 13 million boe of oil.

The semi-submersible rig Scarabeo 8 is due to begin operations in the Norwegian North Sea in 4Q21.

The MoU defines the framework for further cooperation in the processing and interpretation of seismic data owned by the Republic of Indonesia by using Eni’s technologies and facilities, including the Green Data Centre supercomputers in Ferrera Erbognone, Italy, as well as seismic imaging algorithms.

According to the Norwegian Petroleum Directorate, there are 3.42 million m3 of oil equivalent or 21.52 million boe of remaining reserves in the Brage field.

The one-year contract is expected to commence in January 2022.

The contract provides that the drilling rig can be on location in the Etame Marin block as early as December of this year.

3-4 new gas wells will be drilled at the Valemon field in the North Sea in 2021 and 2022, which will extend profitable operations at the Heimdal field.