Upstream project news

A final investment decision is planned to be taken by May 2022.

TopSeis, a marine source-over-spread acquisition and imaging solution, is the outcome of five years of close technical collaboration between CGG and Lundin Norway AS.

The contract is with DeepOcean to support the hook-up and commissioning of the Valhall Flank West project, operated by Aker BP.

Effective immediately, the one-year contract will be delivered by Wood’s team based in Perth, Australia.

According to Westwood's 'State of Exploration' report, exploration drilling increased by nearly 30% in 2018 compared to 2017 but performance was down, with fewer big discoveries and a lower commercial success rate.

Total CAPEX in renewables will overtake E&P spending in 2020, with contributions from Australia and other Asian countries such as Vietnam, Taiwan and South Korea, Rystad Energy’s latest bottom-up analysis of investments shows.

India's national oil company will use Sercel's X-Tech solution to conduct various 3D surveys for a total of 40 000 channels across the country.

The company said the floating production system, located in the first producing field in the Norphlet area, will produce around 175 000 boe/d of oil and gas.

Calima will receive US$2.0 million on completion of the transaction.

The development project is targeting 30 million boe of gas condensate reserves from two subsea production wells in the UK Central North Sea.