Upstream project news

In May and July, Apache closed the sale of noncore assets in two separate transactions, which included assets in the Western Anadarko Basin and the SCOOP/STACK play.

The company is to sell a a 2% proportionately reduced overriding royalty interest in 350 000 net surface acres in southwest Appalachia, US.

The contracts will see the company's ROV mounted ARTEMIS® tool used on major oilfield projects around the world.

GlobalData has said that Guyana's plan to increase royalties payable on oil and gas production may risk making returns less competitive than under the fiscal regimes of Brazil and Suriname.

The plant to be installed on the Gudrun field in the North Sea is expected to extend field life by three years compared to the original plan.

A total of 20 planned and announced FPSOs are expected to be deployed offshore Brazil between 2019 and 2025.

The company will support the FEED study of a subsea compression solution for the Chevron-operated Jansz-Io field in Western Australia.

When Trestakk comes onstream it will produce approximately 22 000 bpd, with peak production expected to be approximately 44 000 bpd.

The two year Connect-R project is a collaboration of renowned academics and leading engineering and robotic companies aiming to make decommissioning and maintenance in the oil and gas industry easier and safer.

The contract, valued at US$20 million, will see Expro provide its Intervention Riser System with associated surface support equipment, to be deployed from Pacific Drilling’s drillship, Pacific Santa Ana, for PETRONAS's Chinguetti Field Phase II plug and abandonment (P&A) contract, offshore Mauritania.