Field/project development
The project partners and the Newfoundland and Labrador government reach agreement over life-of-field benefits, royalties, and an equity option, moving development toward sanction in 2027.
Operator started planning the development before it made its latest North Sea discovery.
The Middle East’s largest unconventional gas development officially begins production as Saudi Aramco targets 6 million BOE/D of gas and liquids capacity by 2030.
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On the edge of the Arabian Desert, a megaproject located above the Arctic Circle was given the IPTC Excellence in Project Integration Award.
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After 4½ years out of service, the massive Wafra oil field is set to resume production soon, and ensuring a smooth restart is no small order.
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Wood will provide the FEED and design for the offshore project. First oil is anticipated in 2024.
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Suncor gets Canadian approval for Meadow Creek West.
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Petrofac continues working relationship with UAE following contract awards for Dalma Gas Development project.
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The Dalmatian project is a brownfield development and represents the world’s longest multiphase tieback by boosting at some 35 km; the boosting system is installed at approximately 6,000 ft water depth.
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McDermott International has been awarded a large contract (defined by the company as between $50 and $250 million) by BHP to provide subsea umbilicals, risers, and flowlines (SURF), transportation and installation, and precommissioning of one jacket and topsides for the Ruby Project, offshore Trinidad and Tobago.
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Described as Brazil’s first-ever integrated SPS and SURF project, the development will include 19 wells, approximately 130 km of rigid risers and flowlines, and 35 km of umbilicals.
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After 4-1/2 years out of service, the massive Wafra oil field in the Saudi-Kuwaiti Onshore Partitioned Neutral Zone, is set to resume production sometime soon and ensuring a smooth restart is no small order.
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Topsides for the Peregrino C Platform in the Campos Basin offshore Brazil was installed by the world’s largest crane vessel, Heerema’s Sleipnir.