Upstream project news

Royston has completed the overhaul of a critical power system onboard another Bluewater Services operated floating production storage and offloading (FPSO) vessel.

In a two-year deal valued in the region of US$50 million, Petrofac will integrate the services of its Operations, Projects and Well Engineering service lines.

Wintershall Dea Norge AS, operator of production licence 894, is in the process of concluding the drilling of wildcat well 6604/6-1 in the Norwegian Sea, according to the Norwegian Petroleum Directorate.

The company has said it achieved an estimated 2019 total CAPEX of US$300 million and OPEX (ex-lease costs) of US$11/boe, both below original guidance.

Formal technical environmental approval for the development of the Selva Malvezzi Gas-Field (Selva) in northern Italy has been received from the Italian Environment Ministry.

The discovery was made at the Maka Central-1 well drilled offshore Suriname on Block 58.

Drilling in block 6507/8 is scheduled to begin in mid-January 2020, and is estimated to last for 67 days.

GMS will provide support for offshore activities on behalf of two Middle Eastern national oil companies.

Lekoil 310 Limited, a wholly owned subsidiary of LEKOIL, has entered into a binding loan agreement with the Qatar Investment Authority, the sovereign wealth fund of Qatar, in the amount of US$184.0 million.

With the successful Serenity discovery and remaining potential at Liberator, the company has begun planning a mid-2020, multi-well appraisal programme and is simultaneously conducting a farm-down process of its licences to potentially fund the 2020 drilling campaign.