QatarEnergy acquires interests in Red Sea exploration blocks
QatarEnergy will hold a 17% working interest in Red Sea Blocks 3 and 4, operated by Shell.
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QatarEnergy will hold a 17% working interest in Red Sea Blocks 3 and 4, operated by Shell.
The Valhall field and the King Lear discovery are located on the Norwegian Continental Shelf.
The frame agreements cover the manufacture of more than 500 km of flexible pipe over the next four years, as well as services.
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.
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.