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 FPSO vessel will reduce capital expenditure and breakeven costs and increase commercially feasibility, leading to FID. -
McDermott’s completion comes 19 months after it was first awarded. SapuraOMV achieved first production from the Larak gas field in January.
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Petrofac’s well management contract comes nearly a month after IOG received approval for phase 1. The contract also follows an EPC contract awarded to Subsea 7 in May.
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Delays and disruptions have stymied project plans in the past few months. How will companies prevent current stresses from morphing into catastrophic issues?
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An investment decision this year would sanction Norway’s first CO2 storage project. Phase 1 is expected to be operational in 2024.
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North Sea system now on track for completion in Q2 2021.
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The natural gas pipeline is co-financed by the EU, with work beginning immediately.
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The deferments are the latest actions Shell has taken in response to record low crude prices.
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The announcement comes as Aker BP has stopped all nonsanctioned projects. The remaining two Phase 2 wells will come on stream in 2021.
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This contract is for the development of the Lambert Deep and Phase 3 offshore Northwest Australia.
