Upstream project news

An initial AUS$200 million investment to help commercialise the closest gas field to Victoria's eastern coastline is being considered by Australian Gas Infrastructure Group (AGIG).

Aker BP and PGNiG have started production from the second development stage (phase two) on the Ærfugl field in the Norwegian Sea.

The company is delaying final investment decisions (FIDs) on the Jackdaw natural gas field in the North Sea and the Whale deepwater oil discovery in the Gulf of Mexico.

Tullow has agreed to transfer its entire interests in Blocks 1, 1A, 2 and 3A in Uganda and the proposed East African crude oil pipeline (EACOP) system to Total Uganda for cash consideration of US$575 million.

Fugro will deliver integrated marine-based services onboard the Well-Safe Guardian, Well-Safe Solutions’ semi-submersible unit for executing subsea well decommissioning work.

The Adorf Z15 gas well and the Ringe 6 oil well in northwestern Germany have been successfully drilled.

The company is deferring its Australia infill drilling campaign into 2021.

The US is seeing an immediate and severe drop in OCTG tonnage requirements, as operators have slashed their drilling programmes by in some cases up to 50%.

The discovery in the onshore Central Sumatra Basin amounts to 61.8 million bbl, according to Cue Energy Resources, which a 12.5% interest.

The contract is expected to start in 3Q20, with a duration of about 30 – 45 days.