Upstream project news

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.

The partnership will offer the owners of oil and gas discoveries near Repsol Sinopec’s existing North Sea infrastructure hubs an integrated, technically robust and commercially flexible solution to meet their near to mid-term development objectives.

GlobalData’s latest report, ‘Q4 2020 Global Oil & Gas Industry Contracts Review’, states that the upstream sector reported a total of 815 contracts in 4Q20.

The Maersk Intrepid and Maersk Integrator jack-up rigs were retrofitted with Siemens Energy’s BlueVault lithium-ion energy storage system.

The contracts include awards from Saudi Aramco, Chevron and Petronas.

The project for an unnamed company is expected to start in 2Q21 and run for approximately three months.