Upstream news

Versal is an independent, secure, cloud-based, multi-client seismic data ecosystem where clients can easily access all their data and entitlements in one place.

As part of the transaction, Repsol has assumed responsibility for the day-to-day operation of the rig on the Yme field, leasing the rig from Havila Sirius on behalf of the Yme licensees.

A disruption at a gas well in Indonesia's Merakes gas field is likely to affect the project's production for as long as 6 months.

The agreement will see the companies identify SURF projects worldwide that could be jointly executed for the benefit of clients.

The company has pledged to become a net zero emissions company by 2050, but has come under pressure to make faster progress.

The new discoveries add more than 6000 boe/d to Eni’s gross production.

Equinor’s preliminary estimate of recoverable resources in the Egyptian Vulture discovery is 19 to 63 million boe (gross) and the oil-in-place volume has been estimated at 220 to 440 million boe (gross).

Winners to be awarded a share of the fund will be announced in early December, with work to be completed by 31 March 2021 and project reports to be published in 2Q22.

The aim of the Odfjell Collaboration Alliance is to provide a complete service offering of rig, modular rig, jacking unit, wireline, plugs and all other services needed to successfully execute projects within P&A or slot recovery operations.

ADC’s recent project highlighted that Dynamically Positioned rigs operating in a closed-bus configuration can successfully reduce annual CO2 emissions by 4800 tpy – delivering a fuel saving of US$620 000 per year - while reducing engine running hours by 20%.