Upstream news

The companies have agreed to combine in an all-stock transaction to create a premier fully vertically integrated onshore-offshore company, with a broad EPCI service offering and market leading technology portfolio.

Repsol has submitted a new Plan for Development and Operation (PDO) for the Yme field in the North Sea. More eight billion kroner will be invested in the development. The planned start-up is 2020.

Petrofac has announced that it has completed the migration of the Santuario Production Enhancement Contract (PEC) into an interest in a Production Sharing Contract (PSC).

Comet Ridge Limited has provided an update on production operations at the Mira Pilot Scheme in the Mahalo Block in central Queensland.

The Noregian Petroleum Safety Authority has given Statoil Petroleum (Statoil) consent to use the Songa Enabler mobile drilling facility on the Snorre field.

AWE Limited has provided the following update on the company’s 2P Reserves and 2C Contingent Resources as at 1 December 2017, with specific reference to the Waitsia Field, located in Production Licences L1/L2, onshore northern Perth Basin, Western Australia.

The Petroleum Safety Authority Norway (PSA) has given its consent for ConocoPhillips Skandinavia AS (ConocoPhillips) to dispose of the Ekofisk 2/4 H, Ekofisk 2/4 A, Ekofisk 2/4 FTP and Ekofisk 2/4 Q facilities in the North Sea.

Successful production start of the Reggane Nord project in the Algerian Sahara. Up to 280 million ft3/d (gross) planned for 2018.

Total has announced that it has taken the investment decision for the first large-scale development phase of the Libra project, located deep offshore, 180 km off the coast of Rio de Janeiro, in the pre-salt area of the Santos Basin in Brazil.

The contract covers the provision of subsea equipment including umbilicals, risers, flowlines and the subsea production system for the Fenja Project (previously known as Pil & Bue). Fenja is located in the Norwegian Sea and will be tied back to the Njord platform.