Upstream project news

The company has said that it is still possible that the NJOM-3 well could be spudded before 15 September 2020, despite the force majeure.

Global CAPEX for exploration and production firms (E&Ps) is expected to drop by up to US$100 billion this year, according to Rystad Energy.

The mean prospective resources associated with the Westphalian target area are estimated to be 3.95 million bbl, with an upside case of 6.69 million bbl.

The company has said it is working with joint venture partners towards reaching an FID for the Etinde field in late 2020.

The project in the Mexican sector of the Gulf of Mexico is scheduled to commence in 3Q20 and will take approximately 60 days.

Equinor has said the North Sea field is on course to reach plateau production for the first phase in early May, earlier than anticipated.

Whitebark Energy has terminated an agreement to acquire the residual 40% interest in the Wizard Lake oilfield in Canada.

Siccar Point and Shell UK had been planning to bring the project to a Final Investment Decision (FID) in 3Q20.

First gas has been achieved from a new well in the Chiswick field in the Southern North Sea, while first oil has been achieved from a new well in the Chestnut field.

The company is in discussions with Total regarding the notice.