Upstream news

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.

Encouraging hydrocarbon shows have been encountered at the Alameda-1 exploration well from soon after the first casing point at 454 m, when moveable oil was reported at surface within the mud and cuttings samples.

The Cabaça North development, with an expected peak production rate in the range of 15 000 bpd, will increase and sustain the plateau of the Armada Olombendo, a zero-discharge, zero-process flaring FPSO with an overall capacity of 100 000 bpd.

The project, located in the south of the Bohai Sea, is expected to reach its peak production of approximately 11 000 bpd of crude oil in 2022.

Ramform Tethys is scheduled to commence acquisition during 4Q21, and it is planned to complete in 1Q22.

The five-year alliance includes the delivery of plant-wide condition monitoring and machine asset protection services across more than 1200 assets at over 16 SABIC sites in Saudi Arabia.