Upstream project news

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.

Cooper Energy and Beach Energy are conducting a appraisal programme in the Cooper Basin.

The company has acquired a 9.57% stake in the supergiant Azeri-Chirag-Gunashli oilfield.

The Tambak-1 well is located approximately 4.5 km north of the Mako South-1 location and is designed to both appraise the extent of the Mako gas field as well to test the underlying Tambak prospect.

The discovery was the first well drilled in Kosmos’ infrastructure-led exploration (ILX) in offshore Equatorial Guinea.

Ashley Sherman, principal analyst, Caspian upstream reflects on Chevron's confirmed cost increases and delays.

It is currently estimated that the Walyering prospects in Western Australia may contain up to 263 billion ft3 of gas and 6.3 million bbl of associated condensate.