Upstream project news

The company expects to complete and test the Cascadura-1ST1 well, located in the Ortoire exploration block, in 1Q20.

The project is located in the Gulf of Thailand and comprises a new bridge-linked wellhead platform structure along with the retrofitting of extension structures to the existing platforms.

Three appraisal wells drilled this year, GTA-1, Yakaar-2 and Orca-1, targeted a total of nine hydrocarbon-bearing zones. The wells encountered gas in high quality reservoirs in all nine zones.

The three-year contract will support both onshore and offshore activity for BP operated projects in the Caspian Sea area including Azeri-Chirag-Gunashli (ACG), Shah Deniz, Baku-Tbilisi-Ceyhan (BTC), South Caucasus Pipeline (SCP) and Western Route Export Pipeline (WREP).

The contract is expected to commence in 2Q20 and will contribute approximately US$91 million of contract backlog, excluding mobilisation reimbursement.

CGG has completed JumpStart™ multi-client geoscience packages for the North West Shelf (NWS) of Australia and the Banda Arc in the Asia-Pacific region.

The framework agreements cover operation of all the company’s installations on the Norwegian continental shelf (NCS) and onshore plants in Norway.

The Ministry of Mines and Hydrocarbons of Equatorial Guinea has granted ExxonMobil a six-month extension for offshore blocks EG06 and EG-11.

The two framework agreements are for the provision of Engineering, Procurement, Construction and Commissioning (EPCC) services.

An FID has been announced for the Anchor oilfield and FEED has begun for the North Platte discovery.