Offshore news

Equinor, Shell, Total and several other companies are studying the possibilities for developing CO2 storage on the Norwegian continental shelf (NCS).

The Oil and Gas Authority estimates that approximately 180 wells in the North Sea have issues with scale formation, which cost the industry approximately £106 million in 2017 alone.

The Group has been celebrating and showcasing some of its key products this week both at the exhibition and at their base in Inverurie, Aberdeen.

The project will comprise reimaging data from three overlapping seismic surveys totalling 3600 km2 that were acquired between 1999 and 2008.

The Probabilistic Digital Twin concept was unveiled at Offshore Europe 2019 this week.

The Annie gas discovery is the first by an offshore well in the Otway Basin, offshore Victoria, Australia, in 11 years.

The consortium’s workscope consists of engineering, procurement, construction and installation for a total of 28 jackets.

The agreement is non-exclusive and establishes the general legal framework and specific terms in relation to the engineering, procurement, construction and installation work regarding potential future contracts relating to leased FPSOs.

After reaching plateau for the first phase of the Johan Sverdrup development, expected during the summer of 2020, Equinor expects operating costs below US$2 per barrel.

The new and renewed awards have resulted in over 100 additional personnel being employed to support projects in the North Sea and Azerbaijan.