Upstream project news

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.

Expected recoverable reserves in Yme are estimated to be approximately 10 million standard cubic meters of oil – or 63 million barrels.

Fenja is scheduled to come online in the first half of 2023 and will produce approximately 28 000 boe/d at plateau.

Fugro will help OCS Services deliver on ONGC’s Protective Coating of Process Platform Project 1 (PCPP1), an infrastructure project to maintain and refurbish 32 offshore platforms in seven clusters.

The FEED award from Equinor follows the successful completion of a study phase, and the work starts immediately with planned completion in 3Q22.