Neptune secures renewable electricity supplies for German assets
The company has secured new renewable electricity supplies for its operated assets in Germany, reducing emissions by more than 11 000 t of CO2 per year.
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The company has secured new renewable electricity supplies for its operated assets in Germany, reducing emissions by more than 11 000 t of CO2 per year.
The rig acquisition is expected to create around 100 jobs in a variety of onshore and offshore roles.
The technology is set to save operational rig costs by helping lower overall wellhead installation costs due to reduced rig trips.
Work is continuing to confirm potential recoverable resources, but Neptune’s preliminary estimate is 8-24 million boe.
The three new discoveries offshore Guyana have increased its estimate of the recoverable resource for the Stabroek Block to nearly 11 billion boe.
The combined entity will be well-positioned to capture opportunities arising from decarbonisation in the oil & gas sector.
The Ministry of Petroleum and Energy (MPE) has extended the production licenses in the Greater Ekofisk Area from 2028 to 2048.
The hydraulic fluid is designed to meet the complex needs of the drilling industry quickly and efficiently.
The project will boost production at the existing Maria field in the Norwegian Continental Shelf. The contract includes subsea trees, spools, jumpers, and flexible pipes.
The drilling permit has been granted based upon the petroleum resource act paragraph 13.
The full development of Area 1 will include 33 wells connected to three wellhead platforms plus one monopod, in addition to the FPSO.
The contract extension has a duration of one year and is expected to commence in July 2023, in direct continuation of the rig’s current contract.