Upstream project news

The contract includes the fabrication of over 165 000 t, consisting of six major topside platforms and jackets, 12 bridges and six bridge support platforms and jackets, as well as over 40 miles (70 km) of 36-in. oil export trunk lines and more than 55 miles (90 km) of 230kV composite subsea cables.

More than 90 companies and institutions were invited to bid on the packages, and 16 Saudi and international companies were chosen in the fields of engineering, supply and construction.

The majority of oil produced from the MJF structure in west Kazakhstan may now be sold by reference to international rather than domestic prices.

The Welltec Annular Isolation was deployed to provide long length openhole zonal isolation at a field in the Republic of Congo earlier this year.

The equipment includes multiple high-impact horizontal sidetracks at the West Rustavi licence in Georgia.

The offshore work includes marine operations for rock removal, installation and tie-in of subsea lines and installation of subsea structures at the Vigdis and Snorre offshore fields.

The Abay block is located in the northern part of the Kazakhstan sector of the Caspian Sea, approximately 50 km from the coast, and is estimated to have significant potential for hydrocarbon resources.

Equinor is to divest a 16% shareholding in Lundin Petroleum for a direct interest of 2.56% in the Johan Sverdrup field and a cash consideration of approximately US$650 million.

The onshore Dunga oilfield in western Kazakhstan is operated by Total (60%), alongside Oman Oil Company (20%) and Partex (20%).

The company is aiming to raise up to £8.25 million through the issuance of new ordinary shares.