Upstream news

Oil and gas exploration and production company Indonesia Energy Corp. (IEC) has entered into a memorandum of understanding (MoU) with Brazil's Aguila Energia e Participações (AEP) to explore potential energy opportunities in Brazil.

The vessel will be used during the Pre-Operational Assessment (APO), scheduled to begin on 24 August.

Surmont, a steam-assisted gravity drainage (SAGD) facility located about 55 km south of Fort McMurray, Alberta, is currently configured to produce Surmont Heavy Dilbit, which is bitumen diluted with condensate.

Aker BP, together with NOV and Nymo, have celebrated an important milestone in the Valhall PWP project: the completion of equipment installation on the 1000 t MEG module being built at Nymo’s yard in Grimstad.

This marks the birth of the first shale oil field in the Sichuan Basin, as well as the first oil field in Chongqing.

The Yellowtail Project is located in the Stabroek Block offshore Guyana, with water depth of 1600 - 2000 m.

Johan Castberg is Norway's northernmost oil field. The field will produce for at least 30 years.

Yellowtail’s ONE GUYANA floating production storage and offloading (FPSO) vessel joins the Destiny, Unity, and Prosperity FPSOs, bringing total installed capacity in Guyana to above 900 000 bpd of oil.

SAMSUNG E&A has announced that it received Letter of Award (LOA) for the Front-End Engineering Design (FEED) contract for the ‘Indonesia INPEX Abadi Onshore LNG Project’ from INPEX Masela Ltd, a subsidiary of Japan’s largest energy company INPEX.

The multi-year contract includes MPD services for an initial 8 wells with the potential to expand to 24 wells. The award reinforces Weatherford’s market leadership in high-performance MPD and expands its presence in Mexico’s offshore energy sector.