Upstream news

Fixed wing and rotary drones equipped with methane-sensing equipment were deployed for the study on the Neptune-operated Cygnus gas production facility in the UK Southern North Sea, which assessed advanced methods for identifying and quantifying facility-level offshore methane emissions, and actions to reduce them.

The Sapote-1 well offshore Guyana encountered non-commercial hydrocarbons in one of the deeper exploration targets, following drilling by the Stena DrillMAX drillship.

Bureau Veritas will deploy its digitalised delivery model BV Compliance for Ithaca Energy to deliver verification (including remote) certification and classification services, and environmental verification and audit services across the assets.

Preliminary estimates show that between 3 and 10 million standard cubic meters of recoverable oil equivalents have been proven in in exploration well 6407 / 1-9 - Egyptian Vulture, corresponding to 19-62 million barrels.

The acquisition from OMV Norge takes Lundin Energy’s working interest to 35% in the 500 million barrel oil development.

The project will encompass approximately 6800 km2, with final products expected in 4Q22.

The parties to the MoU will progress discussions with the view to signing final agreements to implement the Anchois Gas Development, with targeted Final Investment Decision in 2022 and first gas in 2024.

The Mugnetind discovery is estimated to contain recoverable resources between 5 and 11 million boe, which is not considered to be commercial in isolation.

Nabors will be the preferred drilling contractor for Chesapeake across its unconventional oil and natural gas assets in the US.

Three companies currently operating FPSOs on the UKCS have submitted detailed proposals to Orcadian.