Upstream news

Projects were concentrated in Russia and Uzbekistan and the Group drilled 1.33 million m (2019: 1.37 million m). Similarly, the number of wells drilled was almost identical - 344 (2019: 350).

The SABER Tool uses internally directed pressure differentials to steer from the drill bit face, delivering true 'at-bit' geosteering.

The company now holds a 45% interest in the project in Lincolnshire, UK.

The order of four pumps from VWS Westgarth, which supplies and operates sulfate reduction membrane systems, was for chemically enhanced backwash pumps to be installed aboard two FPSO vessels operated by Petrobas off the coast of Brazil.

Oil prices started the week boosted by the US stimulus bill that the US House of Representatives passed but a risk of bearish developments could trim gains going forward.

The Neptune-operated Dugong discovery, in Production Licence 882, was one of the largest discoveries on the Norwegian Continental Shelf in 2020.

Fugro has been awarded multiple contracts by Eni Angola to carry out geotechnical and environmental surveys off the coast of Angola between now and May.

Work on the contract consists of two offshore production deck modules and associated pipeline and subsea cables in Saudi Aramco’s Marjan field.

Petronas have reported a US$272 million loss after tax for 4Q20.

The companies applying for production licenses in the 25th licensing round on the Norwegian shelf include Shell, Equinor and OMV.