Upstream news

The contract is for a firm term of 1040 days with commencement expected in December 2022.

The first fully bonded 2.5 in. ID, 2200 m TCP flowline with the weight coating innovation has been supplied to Trident Equatorial Guinea Inc. to support operations at its Elon-C tie-back, located offshore on the west coast of the Central Africa region.

In the first phase of the project, the companies will design and optimise the plan for satellite placement and coverage, initially focused on capturing methane emissions data from ExxonMobil operations in the Permian Basin.

A Ramform Titan-class vessel is scheduled to commence exploration in early February 2022.

A jack-up rig has commenced activities on the Etame 8H-ST development well, which is expected to be completed in January with production expected later in 1Q22.

QatarEnergy will hold a 17% working interest in Red Sea Blocks 3 and 4, operated by Shell.

The Valhall field and the King Lear discovery are located on the Norwegian Continental Shelf.

The frame agreements cover the manufacture of more than 500 km of flexible pipe over the next four years, as well as services.

Shell's decision last week not to progress the Cambo oilfield project in the UK North Sea means the development is being paused.

The deal would create a global top 20 oil and gas company and make Santos the largest shareholder in PNG's biggest resource project, the PNG LNG project, run by ExxonMobil.