Upstream project news

Aker BP has successfully completed the Omega Alfa exploration campaign in the Norwegian North Sea, resulting in a significant oil discovery that adds substantial new resources to the Yggdrasil area.

The vessel will be used during the Pre-Operational Assessment (APO), scheduled to begin on 24 August.

Aker BP, together with NOV and Nymo, have celebrated an important milestone in the Valhall PWP project: the completion of equipment installation on the 1000 t MEG module being built at Nymo’s yard in Grimstad.

The Yellowtail Project is located in the Stabroek Block offshore Guyana, with water depth of 1600 - 2000 m.

The multi-year contract includes MPD services for an initial 8 wells with the potential to expand to 24 wells. The award reinforces Weatherford’s market leadership in high-performance MPD and expands its presence in Mexico’s offshore energy sector.

The agreement is to acquire a 60% working interest (paying 80%) in the Sark well, planned to be drilled early 3Q25, located in Central Oklahoma, US.

Under the contract, Velesto will assign NAGA 5, one of its premium jack-up rigs, to drill a firm 15 wells with operations scheduled to commence in June 2025.

As part of the collaboration, PETRONAS Carigali Sdn. Bhd. will deploy Halliburton Landmark’s DecisionSpace® 365 Geosciences Suite and Unified Ensemble Modelling solutions with the objective to unify exploration and development workflows and accelerate time to first oil.

The system detects emissions down to the component level, with field-validated performance down to 100 g/hr at 90% confidence.

MOL Group and SOCAR have agreed on key terms for an onshore exploration opportunity in Azerbaijan.