Rystad Energy: FPSO market "booming" in 2021
Rystad Energy expects FPSO awards to reach a total of 10 units in 2021, with another 10 following next year.
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Rystad Energy expects FPSO awards to reach a total of 10 units in 2021, with another 10 following next year.
The Hasselmus project, operated by OKEA, is located 7 km north west of the Draugen platform in the southern Norwegian Sea.
The field will produce around 115 000 boe/d at plateau, with the start of production having been delayed from 2016.
Initial efforts will be focused on a new asset in ExxonMobil’s Guyana portfolio.
Total investments in the project, intended to extend the lifetime of the Alvheim field, are projected at around US$1 billion and production is scheduled to start in 1Q24.
The companies say that the new unit will aim to recycle as much of the materials from decommissioned offshore platforms as possible.
Dagang NeXchange has increased its stake in Ping Petroleum to 90%.
The FPSO P-71 will undergo modification and integration before deployment at the Itapu field offshore Brazil.
Equinor and partners Petoro, Vår Energi and Total E&P Norge have decided to develop the Lavrans discovery and the Kristin Q-discovery.
Carnarvon Petroleum has signed a letter of intent with an unnamed rig contractor, and a formal rig contract is now being finalised.
OGUK's Methane Action Plan for the North Sea includes targets to reduce methane emissions by 50% compared to 2018, committing to 0.20% methane intensity by 2025 and stopping all routine flaring by 2030.
The company has completed decommissioning and removal of the Sable Project off the coast of Nova Scotia, Canada.