Hod B field starts production
Aker BP, which operates the field, and partner Pandion Energy expect Hod to produce 40 million barrels of oil.
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Aker BP, which operates the field, and partner Pandion Energy expect Hod to produce 40 million barrels of oil.
Based on preliminary estimates the size of the discovery is between 25-50 million bbl of recoverable oil equivalent.
Siemens Energy will supply both the power generation and compression packages for the Petrobras-operated P-78 FPSO.
Gas production will be doubled from the Duva field in the North Sea, enabling an increase of 6500 boe/d from the first half of April.
A Wood Mackenzie report examines the levers the North Sea can pull to increase production and argues indigenous oil and gas still has a major role to play.
Valued at approximately US$60 million, the 60-month contract encompasses services and expertise to support Cairn’s Mangala Processing Terminal located in Rajasthan, India.
The agreement, the first well services contract between the companies, includes well integrity remediation services and SCP mitigation.
Operated with power from the grid, KCA Deutag’s rig at the Adorf carboniferous gas field will use electrical motors in place of diesel-driven generators, removing an estimated 1000 t of CO2 emissions from the drilling operation.
PowerNap is a subsea tie-back to the Shell-operated Olympus TLP, located in the US Gulf of Mexico with an estimated peak production of 20 000 boe/d.
The sale to Geoplex Drillteq Ltd. includes five drilling rigs.
Project wins over the last 6 months include an integration solution to support the rig start up for a major new offshore project off the coast of Mexico, the first for Fennex in the region.
Economic impact analysis, published in Neptune’s Annual Report and Accounts, revealed the company’s overall European economic impact increased significantly in 2021 – up from US$2.1 billion in 2020 – due primarily to increased earnings resulting in higher taxes paid.