Upstream project news

The two companies have completed a joint acquisition of the 49% interest held by Schlumberger in the Bandurria Sur onshore block in Argentina’s Neuquén province.

The five-year contract will take effect in April 2020.

Subsea Integration Alliance, SIA formed by Subsea7 and OneSubsea has been selected for the subsea, umbilical, risers and flowlines contract and MODEC Inc. for the FPSO contract.

Under the MoU, the companies will offer tooling and services in four distinct areas.

The contracts awarded include directional drilling, logging while drilling, surface data logging, drilling and completions fluids, cementing, liner hangers, coring and well completions services.

Fugro has been awarded a geotechnical contract by KrisEnergy for the Apsara oilfield in Block A, offshore Cambodia, as part of the nation’s first hydrocarbon development.

The platform supply vessel Normand Tortuga will support OMV Taranaki's upcoming Crestal infield drilling campaign at the Maui A Platform offshore New Zealand.

Over 80% of the company's 2020 Exploration & Production capital and exploratory budget will be allocated to high return investments in Guyana and the Bakken.

The OYF-2 well in Morocco has been drilled to a measured depth of 1210 m and has encountered commercial quantities of gas in excess of pre-drill estimates.

The drilling operation by the Stena Forth drillship is estimated to take 30 days and shall drill to approximately 3000 m subsea.