Upstream project news

Petro Matad Ltd, the AIM quoted Mongolian oil company, has provided an update on the planned start of oil production in its Block XX Production Sharing Contract area in eastern Mongolia.

Esso says the project will help the Gippsland Basin Joint Venture maintain its ongoing supply of natural gas to Australia and continues production from the Gippsland Basin and Longford Plants.

Shearwater Geoservices Holding AS (Shearwater) has announced an award by TotalEnergies for an Angolan OBN project.

TechnipFMC has been awarded an integrated Engineering, Procurement, Construction, and Installation contract by bp for its greenfield Kaskida development in the Gulf of Mexico.

The MoU includes the extension of the Motihari – Amlekhgunj Petroleum Pipeline to Chitwan and the construction of new oil storage terminals and a transnational pipeline, says GlobalData.

Agreement will accelerate the initial scope of 144 unconventional wells for delivery by 4Q25 with potential for significant number of additional wells in the second phase.

The company emerged victorious over competing bids from industry giants bp and EOG Resources.

The main production facilities include a new deepwater jacket platform ‘Haiji-2’ and a cylindrical FPSO ‘Haikui-1’.

This transaction allows TIMOR GAP, the state-owned oil and gas company of Timor-Leste, to participate in the Bayu-Undan joint venture (JV) for the project's remaining economic life.

The 23 partners behind Project Greensand have now submitted the final report from the pilot project, which has aimed to develop, test and demonstrate safe and efficient storage of CO2 in the North Sea subsurface.