Upstream news
Gazprom Neft-Lukoil JV to develop oil and gas cluster in Yamal-Nenets region
The new production cluster will be centred around the Tazovskoye oil and gas condensate field, brought into production by Gazprom Neft in June this year.
Repsol Sinopec contracts Well-Safe Solutions for decommissioning in Buchan and Hannay fields
The contract has been welcomed by OGUK and The Oil & Gas Authority as a strong example of collaboration, campaigning and innovation.
Warwick Investment Group acquires Rosewood's Eagle Ford assets
The combined purchase price and anticipated development capital represents an incremental ~US$450 million commitment to the Eagle Ford for Warwick.
IEC makes another oil discovery offshore Indonesia
IEC now plans to conduct stimulation work and commence production from the Kruh 26 and Kruh 25 wells in October 2021.
SBM Offshore completes financing of FPSO Sepetiba
FPSO Sepetiba is to be deployed at the Mero field in the Santos Basin offshore Brazil, 180 km offshore Rio de Janeiro.
Lille Prinsen appraisal wells successfully completed
The two wells, north of the Edvard Grieg field, have confirmed a combined updated gross resource range of 12 – 60 million boe.
Tendeka secures US$30 million worth of new wells contracts
The company has also won long-term work with operators for its swellable packers and sand and inflow control technologies across key energy hubs.
Shearwater awarded extension on Nebula survey offshore Brazil
The company is also nearing completion of work for CGG on its North Viking Graben survey.
Pharos Energy farms out interests in Egypt to IPR
Pharos Energy has reached an agreement for the farm-out and sale agreement for a stake in the El Fayum and North Beni Suef Concessions with IPR.
Subsea 7 and Aker Solutions awarded FEED contracts for NOA Fulla
The work awarded to the two companies is required to finalise the technical definition of the proposed development prior to Aker BP and its partners making the final investment decision in late 2022.