Upstream project news

An independent, cloud-based ecosystem will offer a single search point to access all three companies’ subsurface multi-client data.

The project will add almost 200 million bbl of recoverable oil reserves and help extend the productive life of the Snorre field through to 2040.

The equipment will be located onboard a converted FPSO vessel that MODEC is constructing on behalf of Woodside Energy for the Sangomar oilfield offshore Senegal.

The drilling programme for well 2/9-6 S relates to the drilling of a wildcat well in production licence 617, about 31 km east of the Valhall field.

Denmark has cancelled its latest licensing round and put an end date of 2050 on all oil and gas exploration and extraction in the North Sea.

Rystad Energy is forecasting peak oil demand to arrive earlier and at a lower level than previously thought, leading to reduced E&P investments.

FAR has a 13.67% interest in the Sangomar exploitation area.

Separo will continue to provide water treatment services at the Cygnus Alpha gas production platform.

The survey will provide the first 3D seismic data over blocks offered in Brazil's 17th Bidding Round, now scheduled for October 2021.

The contract was awarded to BGP Inc., a subsidiary of China National Petroleum Company (CNPC).