Upstream news

The organisation will provide resident focal points, onshore engineering, process and maintenance services on North Sea platform, Bruce.

Petrofac has been awarded two new contracts with Cairn Oil & Gas, Vedanta Ltd.

It is anticipated that further exploration activity, including a second exploration well, will be required to determine the size and recoverable potential of the identified hydrocarbons at the Graff-1 deepwater exploration well.

Drilling is expected to commence within the next week after allowing for towing and set up.

Rami Khrais, Oil & Gas Analyst at GlobalData, has said that the project will be one of the largest oil developments seen in Africa over the last 20 years, expecting to recover over 1.5 billion barrels of oil.

Interim results from the first exploration well in Abu Dhabi’s Offshore Block 2 Exploration Concession, operated by Eni, indicate between 1.5 – 2 trillion ft3 of raw gas in place.

JDR’s thermoplastic umbilical system will allow Beach Energy to increase production from its Otway Gas Plant and deliver a new supply of gas to Australia’s East Coast.

The extended contract covers 2 drilling rigs, 13 workover units and 13 pulling units on Pan American’s Cerro Dragon field in the Golfo San Jorge basin in southern Argentina.

This increase in the EIA’s forecast of crude oil production is largely based on their interpretation of the January 2022 OPEC+ meeting, when participants reaffirmed their decision to continue to increase output by 0.4 million bpd each month until all of the production cuts are reversed.

BCCK, along with its sister company NG Resources, will design and build the facility.