Upstream news

Preliminary estimates of the size of the discovery in the Berkine North Basin are around 140 million barrels of oil in place.

In a statement, Joseph Elkhoury, KCA Deutag's CEO, said the company had suspended all new investments in Russia and is evaluating its options relating to its Russian business.

The operations in the reservoir section are still at an early stage and it has yet to be confirmed if commercial volumes are present.

All three companies have said they will fulfil any existing activity in full compliance with applicable international laws and sanctions.

The company's Memory Raptor cased-hole evaluation system has won an Offshore Technology Conference Asia (OTC Asia) Spotlight on New Technology award for OTC Asia 2022 Exhibitors.

Shell said in the new environmental development plan of the Jackdaw field that it aims to start production from the field, which will supply 6.5% of Britain's gas output, by 3Q25 or 4Q25.

Reach Subsea has joined forces with OCTIO to strengthen its capabilities in survey and inspection data gathering.

Esso Australia has made a final investment decision to develop additional gas from the Gippsland Basin Kipper field.

Production was temporarily shut down last month due to a faulty component in the Rhum Subsea Control Module that has now been replaced.

It is expected that, post-clean up, the MSD-25 infill development well will achieve a stabilised gross production rate of c.300 bpd, which is in line with pre-drill estimates.