Upstream project news

The US will account for 70% of the total projects expected to start operations by 2025, according to GlobalData.

The agreement will increase Neptune’s existing interests in the Adorf, Apeldorn and Ringe gas fields and in the Adorf-Scheerhorn, Georgsdorf and Ringe oilfields.

Worley will provide early phase engineering services to Chevron’s global upstream projects, both onshore and offshore, over a five-year period.

TechnipFMC has been awarded a contract for a subsea tieback located offshore Egypt on the North El Amriya and North Idku concession.

The Egypt Upstream Gateway provides digital access to over 100 years' worth of accumulated national onshore and offshore seismic, non-seismic, well-log, production, and additional subsurface data under a single platform.

The Tupi and Iracema surveys for Petrobras will start in 3Q21 and are expected to last approximately nine months.

The modifications to the Troll B and C platforms offshore Norway will include installation of equipment for receiving electrical power from shore via cable.

The acquisition phase will continue until April and fast-track data is expected in October 2021.

The contract relates to Carnarvon's Buffalo project offshore Timor-Leste, where the objective is to drill the Buffalo-10 well in the second half of 2021.

ONGC will ramp up gas production from its Krishna Godavari Basin block to about 3-3.5 million m3/d from May, which will be further raised to 8.5 million m3/d in 2022/23 before hitting peak rate in 2024.