Cambo oilfield project paused following Shell withdrawal
Shell's decision last week not to progress the Cambo oilfield project in the UK North Sea means the development is being paused.
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Shell's decision last week not to progress the Cambo oilfield project in the UK North Sea means the development is being paused.
The module is planned to be ready for delivery in August 2024.
Orcadian Energy, Orsted and Katoni Engineering must now complete work on their studies by 31 March 2022, with project reports to be published in 2Q22.
The survey will take place over the Roncador and Albacora Leste fields in 2Q22.
Under the contracts, Worley will continue to provide project management, engineering, design, fabrication and installation supervision for Saudi Aramco’s portfolio of offshore projects.
The contract is for drilling a well in the Oswig prospect in Block 30/5C of the Northern North Sea basin offshore Norway.
The tie-back project will reach a production of 40 000 boe/d in mid-2022.
Shell said in a statement that it had "concluded the economic case for investment in this project is not strong enough at this time, as well as having the potential for delays".
Chariot has contracted the rig to conduct drilling operations at the Anchois gas field offshore Morocco, with operations anticipated to commence in mid-December 2021.
Petrogas will employ the harsh-environment jack-up rig Maersk Resilient to drill the appraisal well.
Piping spools and umbilicals will be removed using the Utility ROV Services system (UTROV), a remotely-operated tool carrier equipped with multiple attachments for the recovery of subsea equipment.
Proserv and Trendsetter will develop solutions for their clients across both brownfield and greenfield projects.