Upstream news

The contract covers the delivery of four subsea templates and up to 23 subsea trees and associated components.

The Santos-operated field is located in Permit WA-33-R off the coast of Western Australia.

Neptune Energy will remain as operator of the prospect with a 30% working interest in the licence.

Following the transaction, the PGNiG Group’s own gas production in Norway will increase to 0.9 billion m3 in 2021.

The companies will cooperate globally to focus on revolutionising well integrity during the construction phase by bringing to market the first ever integration of Managed Pressure Drilling (MPD) solutions and Automated Well Control technology.

The policy measure is designed to allow all future bid deposit forfeitures to be reinvested as received.

The contract covers the provision of platform drilling operations and maintenance services on Beryl Alpha and Bravo, Forties Alpha, Bravo, Charlie and Delta in the UK North Sea.

First images from the Central North Sea survey are targeted for 1Q21.

Hydrocarbons have been identified in the pioneer well of block C-M-657, located in the pre-salt of the Campos Basin.

Equinor’s subsea gas-compression system at Åsgard, Norway reached the milestone on 17 September 2020.