Upstream news

Installation of both platforms is scheduled to be completed before the end of 2Q21, in preparation for first gas in late 3Q21.

The Aberdeen-headquartered organisation has been awarded contracts by several global oil and gas upstream operators in the UK and internationally, as well as attaining work with new customers in downstream and utilities.

The Satellite Cluster field will produce gas from four reservoirs utilising a total of five wells and is expected to reach gas production of up to 6 million m3/d.

The five deepwater subsea wells in the project, offshore Indonesia, will have a production capacity of 450 million ft3/d.

Archer will take over Equinor wireline services scope from DeepWell starting 1 May 2021.

In order to supply a fully carbon neutral barrel to Saras, residual emissions of 2302 t CO2 were compensated through a carbon capture project, certified by the Verified Carbon Standard.

Because US producers have increased access to debt and equity (among other factors), the EIA is forecasting that US crude oil production will increase from 10.7 million bpd in 1Q21 to 12.2 million bpd in 4Q22.

Schlumberger, which has been selling assets in North America, said it is benefitting from an inflection in global drilling activity which has picked up as oil prices climbed to US$65.45.

As part of the multi-phased Snøhvit development, Askeladd Vest, in the southern Barents Sea, will extend plateau production at the Hammerfest LNG plant by two years.

The contract is for operations in the Mumbai High, offshore India.