Upstream project news

Two of the projects will take place in the deepwater Gulf of Mexico, and one will be carried out offshore Trinidad & Tobago.

The contract is for the provision of the NAGA 7 jack-up drilling rig to undertake drilling services for ConocoPhillips, which entails drilling up to three wells offshore Sarawak, Malaysia, sometime in the first half of 2021.

The survey will be acquired using an Extended Long Offset configuration, with the Ramform Tethys seismic vessel towing a wide multi-sensor GeoStreamer spread with an additional source vessel located several kilometres ahead.

The Sirung-1 wildcat well in Block SK405B was drilled to a total depth of 2538 m where it encountered a significant oil and gas column of more than 100 m, in the clastic reservoirs.

Neptune Energy’s revised estimate of the indicative recoverable resources is 40 – 108 million boe, which will be subject to further detailed analysis and review.

The Maersk Reacher rig will be used by Aker BP from July 2021 for a minimum of nine months.

The company aims to grow turnover by 20% annually for the next five years by expanding its oil and gas, rail, defence and FMCG presence and diversifying into renewables.

The companies' agreement provides for the creation of a gas and crude oil development hub through a synergy with existing MLE-CAFC installations.

The licensees will assess the discovery, about 15 km south of the Edvard Grieg field, with regard to a possible tie-in to the Solveig field.

The company expects that the acquisition, on behalf of an unnamed customer, will take place in the beginning of 3Q21.