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Southeast Asia will be a hotbed for upstream mergers and acquisitions (M&A) in the next two years, with more than US$5 billion of assets up for grabs, Rystad Energy research shows.
The company’s scope of work includes the design and manufacture of the subsea production manifold featuring TCS subsea connectors along with valves sourced from Advanced Technology Valve S.p.A. (ATV) in Colico, Italy.
The company has announced that it will spend US$23 million on a targeted decommissioning programme in Germany this year, plugging and abandoning wells which have ceased production and removing associated infrastructure.
The well was drilled about 10 km north of the Visund field, and about 190 km northwest of Bergen.
4AP-Geoteknik is joining the group as part of RSK’s expansion into the Nordic region.
The active campaign that took place in 2020 provided 30 environmentally-friendly permanent seals in the Valhall oilfield.
The Bozhong 26-6 oilfield has an average water depth of about 22 m.
On 10 March, West Akcakoca 1 reached 3839 m total measured depth and true vertical depth of 1677 m.
The company has entered into an agreement to divest 28% working interest in PL037 (Statfjord area) to OKEA with an effective date 01 January 2023.
The company has welcomed the UK Government’s decision to widen the gas entry specification limit, which will enable more North Sea gas to enter the country’s National Transmission System (NTS).
The company has announced that the Frosk field development in the Alvheim area has been completed and production has started on schedule and within budget, only 18 months after the Plan for Development and Operation (PDO) was submitted.
The decision is for a three-pad development instead of the originally sought five drill sites and is coupled with ConocoPhillips relinquishing 68 000 acres of existing leases.