Upstream project news

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.

The agreement allows the consortium to acquire, promote and license multi-client seismic programmes, including new 3D acquisition and legacy data reprocessing, in the shallow water acreage offshore Suriname.

The contract, relating to the VALARIS DS-4 drillship, is for a minimum term of 548 days.

The Gamba well DTM-7H has been successfully brought online, while the DTM-6H well in the Dentale formation is scheduled to come onstream in the coming days.

SDX Energy has started a development drilling campaign in the West Gharib concession in Egypt that aims to grow production from c. 2400 bpd to c. 3500 - 4000 bpd by early 2023.

The drilling programme for well 24/12-7 relates to the drilling of a wildcat well in production licence 1041.