US upstream news

Two new wells tied into the Na Kika platform are expected to boost gross platform production by an estimated 20 100 boe/d.

Of the total 448 km of flexible lines required for the Marlim and Voador field revitalisation project, 280 km were contracted with NOV and 168 km with Baker Hughes.

The programme includes approximately 6175 km2 of reprocessed 3D seismic data from the mature, hydrocarbon-producing areas of South Timbalier, Grand Isle and Ewing Bank.

Facilities to be installed include a five-mile offshore lateral pipeline build from the Shenandoah platform in the Gulf of Mexico to Discovery’s existing Keathley Canyon Connector pipeline, and additional onshore processing facilities to handle the expected natural gas production.

McDermott will provide installation services at the Shenzi Subsea Multiphase Pumping Project, located at a water depth of 4400 ft.

New Mexico's record production in March was a result of both new wells coming online for the first time and existing wells coming back online after being shut in during the cold snap.

The US$508 million transaction includes approximately 25 000 net acres in the Southern Delaware Basin in Texas.

Wood Mackenzie’s Ed Crooks has commented on the issues facing Big Oil as investor pressure and court challenges over climate change grow.

The contract with Chevron is for the ultra-deepwater drillship Valaris Relentless (DS-18), a GustoMSC P10,000 design.

The new company is expected to produce 108 000 to 114 000 boe/d in 2022, with adjusted core earnings between US$750 million and US$800 million.