Upstream project news

The GNN discovery, which contains an estimated 260 million bbl of oil in place, is located in the Geisum and Tawila West concession.

Exploratory drilling has begun at the Shirotno-Rakushechnaya prospect structure, located to the north of the V.I. Grayfer field in the North Caspian Sea.

Spirit Energy has received permission to drill a wildcat well in production licence 780, about 5 km north of the Ivar Aasen field in the central part of the North Sea.

The projects in scope are Breidablikk and the Gas Import System for the Snorre Expansion Project, for which contracts have been awarded, and Askeladd Vest, for which a letter of intent has been issued.

Investment in a new £3.5 million engineering assembly and test centre continues with construction reaching a key phase following the completion of the structural steel framework.

A global decommissioning services consortium has substantially strengthened its capabilities with the addition of a specialist heavy lift vessel-owner operator.

High exploration and production costs in China are undoubtedly driving the companies to take preventive measures by slashing planned investments and cutting operational expenditures.

The EPF, a key component in enabling Block Energy to process and sell gas from its West Rustavi field in Georgia, has arrived onsite from Canada.

Upstream and midstream activity for the company was down by 5% in 1H20, compared to a 4% increase in renewables activity during the same period.

The work centres on NEO Energy’s Babbage platform, which is located in block 48/2a of the UK SNS and includes five gas production wells and one suspended well.