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Tranter’s project scope covers design, engineering, supply, and maintenance of several plate heat exchangers that will be installed on the topside facilities of FPSO units, where they will be used for various heating and cooling duties.
The contract covers consolidation of development, exploration and P&A activities in the Dutch and UK sectors of the North Sea.
Preliminary estimates place the size of the discovery between 12 and 19 million m3 of recoverable oil equivalent, corresponding to 75-120 million bbl of recoverable oil equivalent.
Rystad Energy expects around 54 000 wells to be drilled worldwide in 2021, a 12% increase from 2020 levels, while in 2022 drilling is set to increase by another 19% year-on-year to about 64 500 wells.
The 10-year master contract enables Chevron Australia to order full-service asset maintenance from AGC, a subsidiary of AusGroup, across Chevron’s onshore and offshore natural gas and oil production facilities located in the north-west of Australia.
The contract will continue Doris’ relationship with BHP after the successfully completed pre-FEED scope.
The investment will be made by way of an acquisition of a 51% interest in K.O.N.H. UK Limited, which holds an indirect interest in a Risk Sharing Agreement for the field.
The Centre of Decommissioning Australia reports that there is over AUS$50 billion of decommissioning work in Australia over the next 50 years, over half of which will commence within the next 10 years.
Oil prices started the week largely flat due to renewed lockdowns in Europe but, after last week’s painful correction, levels are now more sustainable.
Neptune Energy has announced the safe and successful installation of four Enhanced Horizontal Subsea Tree Systems for the Duva development project in the Norwegian sector of the North Sea.
The solution is designed to overcome flexible pipe stress corrosion cracking tendencies in high CO2 content fields, such as those found in Brazil’s pre-salt offshore developments.
The topside modules will be designed and manufactured for MISC Berhad across Asia, with main engineering and execution activities done through Singapore.