Upstream news

Equinor and partner Cenovus Energy have not yet made a final investment decision on whether to build the Bay du Nord offshore project.

Cervantes-1, an oil exploration well in the onshore Perth Basin licence L14, failed to encounter hydrocarbons.

Cloudbreak Discovery, Gondwana Petroleum Namibia Pty Ltd., Timeworn Investments Pty Ltd., Pioneer Oil and Gas Consulting CC and a Swiss-based asset manager will jointly work towards submission of an application to acquire Petroleum Exploration License 1724 in Namibia.

Valued at approximately US$60 million, the 60-month contract encompasses services and expertise to support Cairn’s Mangala Processing Terminal located in Rajasthan, India.

The agreement, the first well services contract between the companies, includes well integrity remediation services and SCP mitigation.

TGS has announced a new 3D seismic survey in partnership with Schlumberger.

Operated with power from the grid, KCA Deutag’s rig at the Adorf carboniferous gas field will use electrical motors in place of diesel-driven generators, removing an estimated 1000 t of CO2 emissions from the drilling operation.

SBM Offshore will construct, install and then lease and operate the ONE GUYANA FPSO for a period of up to 2 years.

The company’s fourth, and largest, project in the Stabroek Block offshore Guyana is expected to produce approximately 250 000 bpd starting in 2025.

Oil Plus will develop and deliver a proactive topsides maintenance resilience and equipment reliability programme for the unnamed operator.