Upstream project news

Fixed wing and rotary drones equipped with methane-sensing equipment were deployed for the study on the Neptune-operated Cygnus gas production facility in the UK Southern North Sea, which assessed advanced methods for identifying and quantifying facility-level offshore methane emissions, and actions to reduce them.

The Sapote-1 well offshore Guyana encountered non-commercial hydrocarbons in one of the deeper exploration targets, following drilling by the Stena DrillMAX drillship.

The acquisition from OMV Norge takes Lundin Energy’s working interest to 35% in the 500 million barrel oil development.

The project will encompass approximately 6800 km2, with final products expected in 4Q22.

The parties to the MoU will progress discussions with the view to signing final agreements to implement the Anchois Gas Development, with targeted Final Investment Decision in 2022 and first gas in 2024.

The Mugnetind discovery is estimated to contain recoverable resources between 5 and 11 million boe, which is not considered to be commercial in isolation.

Three companies currently operating FPSOs on the UKCS have submitted detailed proposals to Orcadian.

A disruption at a gas well in Indonesia's Merakes gas field is likely to affect the project's production for as long as 6 months.

ADC’s recent project highlighted that Dynamically Positioned rigs operating in a closed-bus configuration can successfully reduce annual CO2 emissions by 4800 tpy – delivering a fuel saving of US$620 000 per year - while reducing engine running hours by 20%.

The company has signed an agreement to acquire the semi-submersible drilling rig Leo from Aquadrill LLC for a total consideration of US$14 million.