Field/project development
Saipem has launched offshore operations in Suriname, while Repsol is expanding exploration efforts in Venezuela and partnering with MOL Group and TPAO in the Mediterranean. Petronas, Shell, and Murphy Oil reported new discoveries in Suriname, Namibia, and Côte d’Ivoire, respectively, as Occidental acquired a stake offshore Trinidad and Tobago and BP began gas producti…
The next wave of unconventional growth will likely come from basins in Argentina, the Middle East, Australia, and elsewhere, fueled by expertise gained from shale plays in North America.
The $5.1 billion ultradeepwater project is Angola’s first integrated cross-block development and sits at the top of Azule’s Southern African portfolio.
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Startup work at Shell’s North Sea redevelopment project is on track to commence later this year. -
Gas production from the field will be supplied to both the local market and the Nigeria LNG plant.
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The EPCI contract will see a new water-injection pipeline added to the complex.
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The shallow-water find will be developed using two new platforms, export pipeline with a first-oil target in late 2025.
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The contractor will have 3 years to conduct front-end engineering and design for the initial phase of the project.
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The sales and purchase agreement obliges Taiwan’s national oil company, CPC, to buy 4 mtpa of liquefied natural gas for 27 years while Taipei also acquires equity in the North Field East.
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A newbuild Fast4Ward hull will be used as part of the Block 58 development set for FID prior to year-end.
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The deepwater Gulf of Mexico project in the Paleogene will require a 20K-psi production semisubmersible.
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Mooring operations underway following arrival of the GTA FPSO on-site at the maritime border of Mauritania and Senegal.
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PTSC Mechanical & Construction will execute the turnkey agreement covering a large, fixed platform.
