Field/project development
The loan to Arena Energy will generate an estimated 38,600 B/D in new production from 22 platforms in the Gulf.
TotalEnergies signed off for 30% operated stakes in the Lang Lebah and B14 gas fields offshore Sarawak on the sidelines of ADIPEC in Abu Dhabi, while also highlighting methane-reduction partnerships in Angola, India, and Southeast Asia.
New rules requiring Mozambique’s LNG industry to supply 25% of production to the domestic market could stabilize gas deliveries to South Africa’s Secunda industrial center as the Pande and Temane gas fields near depletion.
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The unmanned development is expected to add 80 million BOE of production to the aging Norwegian North Sea field. Aker BP said it aims to produce 1 billion BOE from Valhall over the next 40 years. -
With production set to begin from the large Leviathan field by the end of this year, the Israeli government signed off on the final permits to allow for its first exports. Leviathan contains approximately two-thirds of all the gas resources discovered offshore Israel so far.
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The Australian operator's A-6 offshore development, Myanmar's first ultradeepwater project, will supply gas to the country's domestic market, with some gas from Phase 1 also moving via pipeline to Thailand.
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Chevron has signed a deal with Daewood Shipbuilding and Marine Engineering (DSME) to build a hull for the semi-submersible floating production (FPU) unit at its Anchor projec tin the US Gulf of Mexico. The contract maked the South Korean shipyard's first platform order in 5 years.
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The Anchor development in the US Gulf of Mexico is the first ultra-high-pressure project requiring 20-ksi operating pressure to reach a final investment decision.
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Total will invest $650 million in the development of two main projects, North Gialo and NC 98, resulting in a 180,000-B/D increase in production.
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One of the biggest discoveries in the past decade, Sangomar, moves closer to sanction as operator Woodside and its joint venture partners submit the plan for the field's development. First oil from Senegal's first offshore development is scheduled for 2023.
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The Australian company upped its forecast of initial oil production out of the field from 50,000 B/D to somewhere between 75,000 and 100,000 B/D. It expects to spend between $1.9 billion and $2.2 billion on the field's development.
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OneSubsea has agreed to a contract with Nexans for the design and supply of two 75-mi power umbilicals for a subsea multiphase compression system at Shell’s Ormen Lange gas field in the Norwegian North Sea.
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Byron Energy has entered an agreement to fund the construction of SM58 (South Marsh Island 58), its production platform in the US Gulf of Mexico. The Australian company said it had signed a binding secured promissory note with Crimson Midstream to borrow an initial amount of $15 million. The money will be used primarily for the ongoing construction of the production p…
