Upstream news

Acreage is on offer in the Central North Sea, Northern North Sea, Southern North Sea and the West of Shetlands.

The Liatårnet exploration well has proved oil with a gross resource estimate of 80 - 200 million boe.

The seismic programme has identified a number of new leads for the project in Queensland, Australia.

The 1123 million boe average monthly discovered volumes year-to-date reflect an approximate 35% uplift compared to the 827 million boe seen in 2018.

The contract includes the fabrication of over 165 000 t, consisting of six major topside platforms and jackets, 12 bridges and six bridge support platforms and jackets, as well as over 40 miles (70 km) of 36-in. oil export trunk lines and more than 55 miles (90 km) of 230kV composite subsea cables.

More than 90 companies and institutions were invited to bid on the packages, and 16 Saudi and international companies were chosen in the fields of engineering, supply and construction.

The assets are located in the eastern North Sea and are considered to be non-core by Total.

In total, seven oil and gas discoveries were made in the South American country in 2Q19.

Wood Mackenzie's supply forecast indicates there will be an additional call for Permian-to-Gulf Coast crude capacity of up to 500 000 bpd, with FID for the new capacity likely to be reached in the mid-to-late 2020s.

The Welltec Annular Isolation was deployed to provide long length openhole zonal isolation at a field in the Republic of Congo earlier this year.