Upstream news

The two companies have agreed to develop 20 oil wells in the Bajada del Palo Oeste block, located in the Vaca Muerta shale play in Argentina.

The Australian government is proposing to levy AUS$0.48/bbl on all offshore oil producers in order to cover the cost of decommissioning the Laminaria-Corallina oilfields, located in the Timor Sea.

FEED contracts for the FPSO and wellhead platform design for the Dorado project, offshore Western Australia, are being finalised and are expected to be awarded over the next few months.

The Weizhou 11-2 oilfield phase II project, located in the Beibu Gulf, is expected to reach its peak production of approximately 6000 bpd in 2022.

The first phase of the Morocco drilling campaign consisted of three appraisal/development wells in SDX's operated Gharb Basin acreage in Morocco.

The programme work offshore Guyana is planned to be completed in 1Q22.

The contract is for the drilling of three firm wells and two optional wells offshore Israel, with the first firm well expected to spud in 1Q22.

The Prosperity FPSO will utilise a design that largely replicates the design of the Liza Unity FPSO, and will be designed to produce 220 000 bpd.

Last year, the Centre transitioned its seven existing solution centres into one Net Zero Solution Centre, with three core programmes, focused on reducing emissions, developing integrated energy systems and unlocking a digitised offshore energy sector.

The FPSO is located in UKCS Block 13/28a on the Blake and Ross Fields, 72 miles north east of Aberdeen, since 1999.