Oil & gas news

The Phase 2 project is expected to increase output at one of the largest fields in the Gulf of Mexico, with peak annual average gross production of 25 000 boe/d from the initial two well tieback.

Larry Kerr has been appointed CEO of GD Energy Products.

The well, offshore Australia, delivered an initial rate, after clean-up, approaching 10 000 bpd and following a period of well performance testing will be stabilised at around 3000 bpd.

The biggest growth is expected to happen in the Permian Basin, where crude oil and condensate supply is projected to increase by almost 0.90 million bpd from 4.5 million bpd in 2021 to 5.4 million bpd by 2030.

The Frosk field, located approximately 25 km southwest of the Alvheim FPSO in the North Sea, will be tied back to the FPSO via the existing Bøyla and Alvheim subsea infrastructure.

The IsoBond cement system will be available globally by the end of 2021.

Based on preliminary assessments, there is uncertainty whether the reservoir in the Gomez prospect can be commercially produced and no estimate of recoverable volumes has been established at this stage.

The nearly 7-month-long field programme for TotalEnergies was accomplished from the Fugro Brasilis using an autonomous underwater vehicle for most of the geophysical data collection and piston and box corers for the seabed soil sampling.

The total contract value for the firm portion of the drilling contract is expected to be US$94 million and commencement is expected in February 2022.

China’s NOCs are expected to splurge more than US$120 billion on drilling and well services in the five-year period of 2021-2025, seeking to meet the rising oil and gas demand, according to a Rystad Energy report.