ONGC and ExxonMobil sign MoU for development of offshore resources
The MoU will enable the two petroleum companies to undertake joint technical studies and cooperate in frontier areas.
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The MoU will enable the two petroleum companies to undertake joint technical studies and cooperate in frontier areas.
The award is for the design and procurement of equipment with construction technical assistance for a seawater treatment plant sized for 263 244 bpd.
The assets will provide Neptune with an estimated 30 million boe of 2P reserves.
Based on preliminary estimation, the recoverable resources of the Shrek discovery are in the range of between 19 and 38 million boe, as confirmed by the Norwegian Oil Directorate (NPD).
The next step in the campaign is an extensive Drill Stem Test (DST) programme.
Mark Breese, Severn Glocon, explores the challenge of galvanic corrosion and a breakthrough valve technology that can eradicate the problem.
The contract is for supply of ‘cesium drilling and completion fluids’ to Equinor’s operations on the Norwegian Continental Shelf.
The workscope of the contract is for global offshore inspection and wire rope services.
Wintershall Dea will hold an interest of 20% in the blocks S-M-766 and C-M-845, alongside its partners Repsol and Chevron (operator).
The service will be provided using Vantage's Tungsten Explorer and covers one firm well, "Nigma 1", with the contract estimated to last 73 days.
Total will operate the C-M-541 block with a 40% interest, alongside Qatar Petroleum (40%) and Petronas (20%). The consortium plans to drill a first exploration well in 2021.
The completed project totals over 8500 km of survey data.