Upstream project news

The Noble Hans Deul rig is expected to remain offshore with non-essential crew and equipment demobilised while an issue with rig stability is rectified.

Brazil is expected to continue driving global awards in 2022, with an additional three FPSOs expected according to Rystad Energy.

Preliminary calculations of the expected size indicate between 3.3 and 5.2 million standard cubic metres of recoverable oil equivalent, or around 21–33 million barrels of recoverable oil equivalent.

The digital twins of two platforms in the Dutch North Sea will support planning of Neptune’s Carbon Capture and Storage project in the L10 area.

The Fangtooth and Lau Lau discoveries in the Stabroek block will add to previous recoverable resource estimate of 10 billion oil-equivalent barrels.

The four contracts awarded to Valaris include a one-well contract with Kosmos Energy in the US Gulf of Mexico for semisubmersible VALARIS DPS-5.

First gas is expected at Southwark in mid-2022 after the planned installation in 1Q22 of the 6 km Saturn Banks pipeline extension to the Southwark platform.

A US$946 million EPC contract has been awarded by ADNOC Offshore to National Petroleum Construction Company for the development of the Umm Shaif field.

The 168 OCS block survey began in August 2021 and is expected to be completed during the first quarter of 2022.

The system will comprise of a blowout preventer (BOP) stack as well as an 8202 ft (2500 m) riser package.