Field/project development
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.
In lifting force majeure, TotalEnergies says it will restart construction on its Mozambique LNG project as soon as the government agrees to a revised budget and schedule that targets shipping first product in 2029.
The supermajor says it aims to start appraisal activities in 2027 and is evaluating development possibilities for the deepwater find offshore Brazil, which is the company’s largest discovery in 25 years.
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The Marine XII area development could see 3 mtpa of LNG production by 2025. -
The results of well testing at Zeus-1 are being combined with results of testing at two other discoveries to create a plan for the fast-track development of the offshore block.
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NextDecade pushes the final investment decision on project to the first quarter of 2023.
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Aker BP submitted the NOAKA development plan along with 10 other investments on the Norwegian shelf that collectively represent one of the largest private industrial developments in Europe.
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Operator also moves forward with electrification of the Njord field.
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Boosting gas production from Israel’s Tamar offshore gas field, combined with gas from the neighboring Leviathan field, will further the ambitions of both Israel and Egypt in the Eastern Mediterranean.
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Development of these offshore fields carries a combined price tag net to Aker BP of $19 billion.
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This year has seen the highest amount of capacity sanctioned since 2010.
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The deal awards the first concession in the Middle East for unconventional oil resources.
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A pair of innovative field development strategies are helping tame the wild, wild Permian Basin.
