Upstream news

The National Petroleum Construction Co. has been awarded a contract to deliver engineering, procurement, construction, and commissioning activities for the offshore facilities required to enable full production capacity of 45 000 bpd of light crude.

Curate enables energy companies to collaborate within a single workspace to access all subsurface data with streamlined workflows.

The assets being sold consist of 50% of Central’s interests in its producing assets in the Northern Territory: Mereenie Oil and Gas Field, Palm Valley Gas Field, and Dingo Gas Field.

The programme comprises three production wells and will develop additional natural gas and liquids reserves, extending the life of the Bayu-Undan field as well as production from the offshore facilities and the Darwin LNG plant.

The contract is with a wholly-owned subsidiary of the BW Offshore group.

BP currently holds a 27.5% non-operated interest in the Shearwater condensate and gas field, operated by Shell, in the UK Central North Sea.

The contract, which started in January 2021, has been awarded for three years and extends 80:20’s coverage to all of TEPUK’s North Sea assets.

The combined company will continue as Delmar Systems and as Vryhof.

The site survey is expected to commence at the end of July 2021 and be completed in 3Q21.

The company, founded in 2015, is believed to be close to appointing JP Morgan to explore a listing or sale to a rival.