Upstream news

EPCI contract includes supply of subsea production system.

The Johan Sverdrup partnership has now decided to proceed with (DG2) Phase 2 of the Johan Sverdrup development, awarding FEED contracts to Aker Solutions, Kværner and Siemens.

Masirah Oil Limited and its partners have announced that the drilling of exploration well Karamah#1 in Block 50 Oman has started on 17 March 2017.

West Ells Phase II is an expansion of the Phase I project with an additional production capacity of 5000 bpd.

Decom North Sea has announced Chris Cox, managing director of Centrica’s Exploration & Production business, as keynote speaker for its flagship conference and exhibition, Decom Offshore 2017.

SDX Energy Inc. , the North Africa focused oil and gas company, has announced the commencement of drilling operations on the SD-1X well at its South Disouq concession in Nile Delta area of Egypt.

According to Brand Finance, Shell remains the world’s most valuable oil and gas brand with a brand value of US$37 billion, up from US$31.6 billion last year.

On 9 January 2017, Tullow Oil plc announced that it had agreed to farm-down 21.57% of its 33.33% interests in Exploration Areas 1, 1A, 2 and 3A in Uganda to Total E&P Uganda B.V. (Total) for a total consideration of US$900 million.

Petroleum Development Oman (PDO) decided to extend the framework contract for engineering and maintenance services, with joint venture STS-Tebodin, in Oman by 3 years. The contract now runs until 2021.

Aker Solutions will provide design engineering for the upgrading of the semi-submersible Njord A platform in Norway.