Upstream project news

First production from the well in the UK North Sea was achieved on 23 August.

The potential of the discovery can be preliminarily estimated at between 1.5 and 2 billion barrels of oil in place and between 1.8 and 2.4 trillion ft3 of associated gas.

Estimated recoverable reserves from Solveig are 9.2 million m3 of oil equivalent in Phase 1.

Aker BP’s preliminary resource estimate for the discovery was between 13 and 32 million m3 of recoverable oil, but this is likely to be downgraded.

MAN Energy Solutions’ scope of work for the Jansz-Io project comprises the supply of five Subsea HOFIM compressor units.

Vaalco Energy has said that the new agreements with World Carrier Offshore Services Corp. to replace the existing FPSO at the Etame field with a Floating Storage and Offloading unit (FSO) will significantly reduce storage and offloading costs by almost 50%.

The project was carried out offshore Mauritania.

The Sapote-1 prospect is located in the south eastern section of the Canje Block, operated by ExxonMobil.

The contracts are with Rex International Holding and Duta Marine Sdn Bhd for the Rhu-Ara and Diwangsa clusters offshore peninsular Malaysia.

The Timi development features Shell's first wellhead platform in Malaysia powered by a solar and wind hybrid renewable power system.