Upstream project news

The contract includes work for the Anchor project in the US Gulf of Mexico.

Erlend Wild West is a 3900 km2 survey consisting of 1900 km2 of data acquired from the west of Shetland region, offshore the UK.

The company has said it still continues to expect to generate positive free cash flow in 2020.

The company's revised average annual production in 2020 is expected to be in the range of 55 000 to 60 000 bpd.

The number of new assignments for the company grew by more than 50%, resulting in more than 70 active work streams in 2019.

Total's CAPEX cuts in 2020 will amount to more than US$3 billion.

Santos has reduced its 2020 CAPEX by US$550 million.

The new seismic datasets from Indonesia will be used to support the country's upcoming 2020 licensing round.

The company is to reduce CAPEX and exploration spending by 20% each for 2020.

OKEA has said the Yme offshore project in the Norwegian North Sea, operated by Repsol, remains on schedule for first oil in 2H20.