FID

Vår Energi ASA and partners have officially sanctioned the Previously Produced Fields Project in the Greater Ekofisk Area. The redevelopment is expected to add high-value barrels starting in 2028, extending the production life of one of Norway’s key offshore regions.

First oil is expected from Phase 1 of the project in 2028, with up to four more phases planned.

Westwood Energy analysts suggest operators have an opportunity to secure rigs at lower rates for their 2027 drilling programs.

Plans call for license partner Aker BP to serve as operator during the development phase, with operatorship reverting to DNO after first oil in 2028.

The joint venture with Nigeria's Sunlink Energies aims to deliver first production before 2030.

Mozambique is poised to become Africa’s third-largest exporter of liquefied natural gas when Coral Norte comes onstream in 2028.

The $5-billion Tiber-Guadalupe project in the Gulf of America is BP's second major project in the region to be sanctioned in 2 years.

Train 4 is expected to add 6 million tonnes per year of capacity to the South Texas liquefied natural gas project when it goes online in 2030.

TotalEnergies, Global Infrastructure Partners, and NextDecade divvy up Train 4 stakes ahead of an expected FID in September.

The first of four planned Phase 1 wells is flowing from the region’s second 20k-psi deepwater project.