Upstream project news

The agreement is non-exclusive and establishes the general legal framework and specific terms in relation to the engineering, procurement, construction and installation work regarding potential future contracts relating to leased FPSOs.

After reaching plateau for the first phase of the Johan Sverdrup development, expected during the summer of 2020, Equinor expects operating costs below US$2 per barrel.

The new and renewed awards have resulted in over 100 additional personnel being employed to support projects in the North Sea and Azerbaijan.

The work will be delivered by Wood’s Aberdeen-based operations and engineering teams, with construction and maintenance operatives working offshore.

The company has received a firm Letter of Award for the high-specification jack-up drilling unit Energy Emerger.

The company will provide engineering support services as a tier 1 contractor for brownfield modifications and projects across Repsol Sinopec Resources UK’s operated assets and terminal at Flotta.

Recoverable resources for Snefrid Nord, located in the Norwegian continental shelf, are estimated at 4.4 billion m3 of gas (27.5 million boe), along with some condensate.

The company has developed a Subsea Safety Module, which can operate in the higher pressure (15ksi) wells common in the Gulf of Mexico and West Africa.

Rickard Dalman, Operations Manager, Integrity Management at Oceaneering, explains how implementing a risk, reliability and maintenance approach can reap considerable dividends for asset owners.

VIC/P75 is in the central area of the Gippsland Basin offshore Victoria, Australia.