Shell announces sale of assets in Egypt's Western Desert
Shell Egypt is selling the onshore assets to focus on expanding its offshore gas exploration in the country.
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Shell Egypt is selling the onshore assets to focus on expanding its offshore gas exploration in the country.
The first cargo of oil from the field is expected to leave for customers in Asia this week, and contain 1 million bbl with a market value of approximately US$60 million.
A field development plan has been submitted for the company's Nam Du and U Minh gas fields, offshore southwestern Vietnam, to Vietnam Oil and Gas Group (Petrovietnam).
Since its last report Transocean has added approximately US$75 million in contract backlog, bringing total backlog to US$10.8 billion.
The Etame field offshore Gabon was successfully drilled to a total depth of 10 260 ft and encountered both Gamba and Dentale oil sands.
The total consideration for the equity ownership, excluding associated non-recourse project debt, is approximately US$150 million.
Maersk Viking will be employed by the POSCO International Corporation, a Korean operator, for a three-well campaign offshore Myanmar.
The marketing agreement is for a term of up to 5 years and provides Karoon with access to Shell West’s global marketing and shipping platform.
TechnipFMC will design, manufacture, deliver and install subsea equipment including subsea production system, flexible flowlines and umbilicals for the development of the Pyxis and Xena fields, located offshore North West Australia.
The company recently received two prizes at the Energy Industries Council (EIC) national awards and was awarded the ‘Inspiration from Innovation’ gong at the Northern Star Business Awards.
The INSITE Programme between offshore industries and researchers is designed to give marine scientists access to valuable industry-acquired ecological data.
The FPSO will be designed to produce 220 000 bpd of oil, will have associated gas treatment capacity of 400 million ft3/d and water injection capacity of 250 000 bpd.