Upstream project news

1Q22 safety results show a stable trend in the number of serious incidents and with regards to personal injuries. No incidents with major accident potential have been recorded during the first quarter.

The company has decided to proceed with the Maromba development project offshore Brazil and has signed an agreement to purchase the FPSO Polvo from BW Offshore.

ExxonMobil is the first company to achieve certification for natural gas production associated with oil. The certification from MiQ helps the company meet customer demand for energy produced with fewer emissions.

The three new discoveries offshore Guyana have increased its estimate of the recoverable resource for the Stabroek Block to nearly 11 billion boe.

CNOOC announced that Luda 5-2 oilfield north phase I project and Kenli 6-1 oilfield 4-1 block development project have commenced production.

The transaction will contribute to the optimisation of Maersk's fleet in line with the company's strategic priorities.

Maersk Training is set to increase headcount across its UK sites as it looks to recruit new instructors due to industry demand.

The contract extension has a duration of one year and is expected to commence in July 2023, in direct continuation of the rig’s current contract.

Eni announces new oil and gas discoveries in Western Desert for approximately 8500 boe per day.

The company's production guidance for the full calendar year 2022 is 7500 - 8600 bpd.