WoodMac: still work to do after Nigeria passes petroleum bill
The Petroleum Industry Bill aims to reposition Nigeria's petroleum sector as an attractive investment destination as the energy transition intensifies competition for capital.
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The Petroleum Industry Bill aims to reposition Nigeria's petroleum sector as an attractive investment destination as the energy transition intensifies competition for capital.
The US$17 million contract will see Petrofac fabricating, constructing and commissioning the topsides development.
Rystad Energy expects FPSO awards to reach a total of 10 units in 2021, with another 10 following next year.
The Hasselmus project, operated by OKEA, is located 7 km north west of the Draugen platform in the southern Norwegian Sea.
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.
Initial efforts will be focused on a new asset in ExxonMobil’s Guyana portfolio.
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.