Upstream project news

Orcadian Energy, Orsted and Katoni Engineering must now complete work on their studies by 31 March 2022, with project reports to be published in 2Q22.

The survey will take place over the Roncador and Albacora Leste fields in 2Q22.

The contract is for drilling a well in the Oswig prospect in Block 30/5C of the Northern North Sea basin offshore Norway.

The tie-back project will reach a production of 40 000 boe/d in mid-2022.

Shell said in a statement that it had "concluded the economic case for investment in this project is not strong enough at this time, as well as having the potential for delays".

Chariot has contracted the rig to conduct drilling operations at the Anchois gas field offshore Morocco, with operations anticipated to commence in mid-December 2021.

Petrogas will employ the harsh-environment jack-up rig Maersk Resilient to drill the appraisal well.

The project involves the construction of a hydrocarbon collection system and the transport of gas and condensate to the new Jafurah plant, in the Eastern Province of Saudi Arabia.

Both contracts have been signed on a 3-year fixed-term basis, with expected commencement in September 2022.

The sale of its Corrib stake means that Equinor will no longer have an active business presence in Ireland.