Upstream project news

The SA-01 appraisal well in the Serenity field in the North Sea has been spud.

Thirteen of the projects reported on are being developed by Equinor. Eight of the company's projects have reduced costs since submitting their plans for development and operation, one project remains unchanged, while four projects have reported higher costs.

The settlement is in relation to engineering, procurement and construction contracts for the construction of six semi-submersible drilling rigs for subsidiaries of Sete Brasil.

The KP-1 exploration well is located onshore southern Central Kalimantan in Indonesia.

Petrofac will provide facilities and well support to Jersey Oil and Gas' Greater Buchan Area development in the North Sea.

Johan Sverdrup has expected recoverable reserves of 2.7 billion boe and the full field can produce up to 660 000 bpd at peak.

Project management and detailed engineering has commenced at Subsea 7’s office in Aberdeen, with offshore activities scheduled for 2020 and 2021.

The 6th Production Sharing Round is scheduled for 7 November and will offer the Aram, Boomerang, Southern Cross, Southwest Sagittarius and North Brava blocks, distributed in the Santos and Campos basins.

Preliminary evaluation of the Hibiscus Updip prospect in the Dussafu licence offshore Gabon indicates gross recoverable reserves of 40 to 50 million bbl of oil, significantly greater than the pre-drill expectations.

The company has won a contract with AS Norske Shell in Norway to provide rig support for the drilling and completion of a gas producer well on the Knarr field.