Upstream news

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.

Orcadian Energy, Orsted and Katoni Engineering must now complete work on their studies by 31 March 2022, with project reports to be published in 2Q22.

The plans are part of the corporate-wide effort to reduce upstream greenhouse gas emissions intensity by 40-50% by 2030, compared to 2016 levels.

The survey will take place over the Roncador and Albacora Leste fields in 2Q22.