Upstream news

Operations involved drilling over 2000 m and acquiring more than 1400 high quality samples and over 900 m of seismic PCPT data.

Lease Sale 254, scheduled for March 2020, will be the sixth offshore sale under the 2017 – 2022 Outer Continental Shelf Oil and Gas Leasing Program.

The SA-01 appraisal well in the Serenity field in the North Sea has been spud.

Thirteen of the projects reported on are being developed by Equinor. Eight of the company's projects have reduced costs since submitting their plans for development and operation, one project remains unchanged, while four projects have reported higher costs.

The settlement is in relation to engineering, procurement and construction contracts for the construction of six semi-submersible drilling rigs for subsidiaries of Sete Brasil.

The KP-1 exploration well is located onshore southern Central Kalimantan in Indonesia.

The report by Nalcor Energy-Oil and Gas and Beicip-Franlab, in partnership with the Government of Newfoundland and Labrador has identified an additional 3 billion bbl of oil and 5.8 trillion ft3 of gas potential offshore Newfoundland.

Petrofac will provide facilities and well support to Jersey Oil and Gas' Greater Buchan Area development in the North Sea.

Johan Sverdrup has expected recoverable reserves of 2.7 billion boe and the full field can produce up to 660 000 bpd at peak.

Project management and detailed engineering has commenced at Subsea 7’s office in Aberdeen, with offshore activities scheduled for 2020 and 2021.