Upstream news

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.

ExxonMobil affiliates have signed an agreement to sell all of ExxonMobil’s interests in the Aera oil-production operation in California to Green Gate Resources E, LLC, a subsidiary of IKAV.

The transaction is expected to close in 4Q22, subject to obtaining all relevant approvals and satisfying other conditions to closing.

The seven-figure contract, sees Polaris purchasing a 13 000-node system from innovative land STRYDE. The system will be used to acquire high-density subsurface data to enable cost-effective and efficient oil and gas exploration in Africa.

Neptune Energy and its partners have announced a new commercial discovery at the Ofelia exploration well (PL 929), close to the Gjøa field in the Norwegian sector of the North Sea.