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Based on resources of 21 million boe and its proximity to the nearby Alba infrastructure, Wood Mackenzie assumes the discovery could be an ideal candidate for a short-cycle, high-return tie-back to the Ithaca-operated facilities.
The company has said that all options will be considered, including the sale of some or all the assets.
Aker BP’s preliminary resource estimate for the discovery was between 13 and 32 million m3 of recoverable oil, but this is likely to be downgraded.
MAN Energy Solutions’ scope of work for the Jansz-Io project comprises the supply of five Subsea HOFIM compressor units.
Vaalco Energy has said that the new agreements with World Carrier Offshore Services Corp. to replace the existing FPSO at the Etame field with a Floating Storage and Offloading unit (FSO) will significantly reduce storage and offloading costs by almost 50%.
The project was carried out offshore Mauritania.
The award marks the first time that a foreign fully owned subsidiary has been licensed by the Abu Dhabi Global Market to conduct oil and gas activities in the UAE.
Rystad Energy’s initial assessment of Hurricane Ida’s impact on US oil production and refinery capacity estimates a peak daily supply curtailment of 1.8 million bpd in the Gulf of Mexico.
The Sapote-1 prospect is located in the south eastern section of the Canje Block, operated by ExxonMobil.
The contracts are with Rex International Holding and Duta Marine Sdn Bhd for the Rhu-Ara and Diwangsa clusters offshore peninsular Malaysia.
The Timi development features Shell's first wellhead platform in Malaysia powered by a solar and wind hybrid renewable power system.
Recoverable volumes from Troll phase 3, which will produce the Troll West gas cap, are estimated at as much as 347 billion m3 of gas.