Upstream news

Zenith Energy has announced presented an offer to the relevant Ministry in the Republic of Benin for the award of an initial nine-year licence to operate Block 1 containing the Sèmè oilfield, offshore Benin.

Oilfield equipment, trucks, heavy equipment, and other items were auctioned in person and online. With over 71 000 catalogue views, 498 lots were sold over a single day auction, totalling over US$30 million.

Well-Safe Solutions’ Well-Safe Protector jack-up rig will carry out the plug and abandonment of at least four subsea and 17 platform wells located in Dutch and UK waters.

The contract, which builds on a relationship with Serica Energy which began in 2018, was enhanced in 2019 to include metering engineering services through the deployment of dedicated onshore and offshore personnel.

Tendeka has signed a new multi-year contract extension to exclusively deliver standardised sand-face completion equipment across all Equinor’s assets on the Norwegian Continental Shelf. The agreement will see Tendeka manage the complete supply chain of sand and inflow control equipment through standardisation.

Serica’s net well cost after tax is anticipated to increase by approximately £3 million as a result of the delays and it is now expected that results from the well will be available in December 2022.

Worley is now a supporter of Aiming for Zero, a global initiative aimed at eliminating methane emissions in the upstream oil and gas industry.

Rosmari-Marjoram fields are situated 220 km off the coast of Bintulu, Sarawak, Malaysia and will be powered by renewable energy, using solar power for the offshore platform.

More than 114 000 t of topsides and jackets are to be removed and recycled as part of the largest single offshore UKCS decommissioning contract scope to date.

Shell has agreed to sell its 100% interest in Shell Onshore Ventures LLC which holds a 51.8% membership interest in Aera Energy LLC to IKAV for a total consideration of approximately US$2 billion.