Upstream project news

It will serve all ADNOC Group companies, catering to the upstream, midstream and downstream segments.

Recent events in the Middle East, including risks to oil tankers in the Strait of Hormuz, have brought safety to the forefront of many operators’ minds.

Steve Gordon, Managing Director of Clarksons Research, said that offshore investment and activity levels are increasing in the region, with project Final Investment Decisions totalling US$23 billion reported in the year to date.

Recent reporting from the company's ongoing project in support of NPCC demonstrate a 60% reduction in overall cutting time utilising its ultra-high-pressure abrasive water jet internal cutting system.

The Upside Case estimates are Liquids 283 million bbl and Gas 265.9 billion ft3.

The equipment and service provided by Baker Hughes will support Apache North Sea’s exploration and development activities in the North Sea for the next three years.

SBM Offshore will perform FEED work for a FPSO for the Payara development project located in the Stabroek block in Guyana.

Innovo’s Innodrive 700T electrical Reel Drive System and a Sparrows tensioner were integrated with under-deck carousel.

The well targeted an extension of the Upper Jurassic Rogn Formation sandstone which forms the main reservoir of the producing Draugen field.

No liquid hydrocarbons were recovered from the initial exploration well, and Hilcorp and Otto have agreed that the low flow rates observed are not sufficient to economically justify the future costs of a fracture stimulation, facility and pipeline connection.