Upstream project news

Equinor and Halten East partners Vår Energi, Spirit Energy and Petoro have decided to invest about NOK 9 billion in the development of the area neighbouring to the Åsgard field in the Norwegian Sea.

CGG’s Sensing & Monitoring division acquired the company as it specialises in high-value services and products for geotechnical risk management and infrastructure monitoring.

Low-cost tieback expected to add up to 75 000 bbl per day of oil production.

The extensive repairs at Melkøya have been completed, but the run-up of the plant takes somewhat longer than planned.

The company has reached an agreement to sell its Romanian upstream affiliate, ExxonMobil Exploration and Production Romania, to Romgaz for more than $1 billion, subject to government approvals.

The outcomes would enhance the UK’s energy security and would ensure that emissions from North Sea oil and gas production remain world leading.

The licences contain two firm wells on the Oswig and Velocette prospects anticipated to drill in the summer 2022 and 2Q23 respectively. All the licences are operated by OMV which will retain a 40% working interest post-transaction.

The company plans to drill the main target horizon, the Sasanof-1 Well, in this prospect during May/June 2022.

The companies have signed a MoU for transfer of the Krafla operatorship from Equinor to Aker BP, making Aker BP the operator of all discoveries in the NOAKA area.

Petrofac has been appointed by PDC as the Decommissioning Services Provider in a contract valued at around US$200m.