Oil & gas news

Following completion of the approval process, the Walton Morant licence will run to 31 January 2024.

Drilling is scheduled to commence in March/April 2022 following the rig relocating from nearby activities on Australia's North West Shelf.

The Merlin-2 appraisal well is targeting 652 million barrels of oil in the highly prospective N18, N19 and N20 targets.

Columbus is expected to be producing at its potential by early December.

According to preliminary estimates, the initial oil in place at the discovery in Block 12 reaches 250 million barrels.

The contract covers the Peregrino wellhead platforms and FPSO unit.

The contract is for the Ron Tappmeyer jack-up rig.

Aibel has been contracted for work at the Krafla field development and the Asterix discovery in the Norwegian Continental Shelf.

The company will manufacture and supply valve packages to projects in the Santos and Campos basins.

Start-up is expected in 2Q22, and the project will run for approximately 1 month.