Upstream project news

Mitsubishi Corp. and Nippon Yusen Kabushiki Kaisha have acquired a respective 25% and 20% ownership interest in the special purpose companies related to the lease and operation of the FPSO Alexandre de Gusmão.

McDermott has delivered the U-Field for ONGC's KG-DWN 98/2 Block project, located in the Bay of Bengal off the east coast of India.

The 83-m high steel jacket, weighing around 8500 t, will also be delivered by Allseas’ Pioneering Spirit construction vessel in April.

Significant upgrades have been carried out on the hull and the platform deck of Njord A to extend its lifetime for another 20 years of production.

Preliminary estimates of the size of the discovery in the Berkine North Basin are around 140 million barrels of oil in place.

The operations in the reservoir section are still at an early stage and it has yet to be confirmed if commercial volumes are present.

Shell said in the new environmental development plan of the Jackdaw field that it aims to start production from the field, which will supply 6.5% of Britain's gas output, by 3Q25 or 4Q25.

Esso Australia has made a final investment decision to develop additional gas from the Gippsland Basin Kipper field.

It is expected that, post-clean up, the MSD-25 infill development well will achieve a stabilised gross production rate of c.300 bpd, which is in line with pre-drill estimates.

The award for cementing services takes the total value of ADNOC’s drilling-related framework agreements and procurement awards since November 2021 to over US$8.5 billion.