Upstream project news

The acquisition includes the the Jumping Pound, Caroline and Waterton gas plants, 29 000 boe/d of production, a partial ownership of the Shantz sulfur plant and 1700 km of pipelines.

Rystad Energy says it is anticipating around 30 to 50 exploration wells will be drilled per year towards 2023.

ONGC's overseas explorer has recorded a gas discovery in Brazil's Sergipe Alagoas Basin and an oil discovery in Colombia's Llanos Basin.

The order is the first material equipment order for the Shenandoah project and the first of its kind for subsea trees designed for pressures up to 20 000 psi.

Ghasha is aiming to develop previously undeveloped deposits of gas, oil and gas condensate as part of nine shallow fields in the Arabian Gulf west of Abu Dhabi.

The MoU will enable the two petroleum companies to undertake joint technical studies and cooperate in frontier areas.

The company's UK centre of excellence is looking to form partnerships with individuals and companies in Norway to bring oil and gas technologies to market.

The award is for the design and procurement of equipment with construction technical assistance for a seawater treatment plant sized for 263 244 bpd.

Based on preliminary estimation, the recoverable resources of the Shrek discovery are in the range of between 19 and 38 million boe, as confirmed by the Norwegian Oil Directorate (NPD).

The next step in the campaign is an extensive Drill Stem Test (DST) programme.