Upstream project news

The contract is with Serica Energy and is expected to commence in 4Q20.

FAR has said it believes the project will deliver the company a net 13 670 bpd of oil production at US$$11/bbl OPEX, with an unlevered project internal rate of return in excess of 30%.

Following completion of the latest work for i3 Energy, the Borgland Dolphin will go straight to the Knarr field on the Norwegian Continental Shelf.

The survey will employ one Shearwater vessel and cover approximately 7300 km2 of the highly prospective Malvinas Basin, with operations set to commence in 4Q19 and run until 2Q20.

The company's HyPR™ stuck pipe solution was used to cut drill-strings at four sites in the Middle East.

The project duration is approximately two months and is scheduled to commence in 4Q19.

Achieving the 10 000 stages milestone fulfills the Equinor vision for Reveal Energy Services, an Equinor spin-out in 2016, to commercialise and further develop IMAGE Frac™ pressure-based fracture maps.

Orca-1 is the third-largest discovery made so far this year, and the largest deepwater find.

First gas from a new well at Spirit Energy’s Chiswick field in the Southern North Sea was achieved in July 2019 and has added up to an additional 25 million ft3/d of gas to the field.

Lundin Norway is the operator of the Edvard Grieg platform with a 65% working interest and the partners are OMV Norge and Wintershall DEA with 20 and 15% working interests respectively.