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Of the remaining resources on the Norwegian Continental Shelf, 4.2 billion sm3 o.e, or 52%, are proven. Unproven resources are estimated at 3.8 billion sm3 o.e.
The Egypt Upstream Gateway provides digital access to over 100 years' worth of accumulated national onshore and offshore seismic, non-seismic, well-log, production, and additional subsurface data under a single platform.
The transaction includes the transfer of approximately 450 000 net acres in the Fox Creek (Kaybob) and Rocky Mountain House (Willesden Green) areas, along with related infrastructure, currently producing around 30 000 boe/d from more than 270 wells.
Under the initiative, API member companies will commit to applying safety standards, implementing workforce training programmes and participating in performance-improving efforts.
Oil prices have jumped as the extreme cold weather the US is experiencing is impacting oil production, but refinery outages are limiting the price ascent.
THREE60 Energy has appointed Garrie Scott as Projects Director.
The Tupi and Iracema surveys for Petrobras will start in 3Q21 and are expected to last approximately nine months.
The investment by the mooring solutions provider comprises new office and workshop premises adjacent to the existing FMS headquarters in Aberdeen, and the appointments of Carl Lafferty and Marc McGruther, who join as Survey & Positioning Manager and Project Delivery Manager, respectively.
The modifications to the Troll B and C platforms offshore Norway will include installation of equipment for receiving electrical power from shore via cable.
The appointments include Edward Kerr as Global Sales Manager, Kevin Robertson as Middle East Regional Manager, and David Charles as Well Engineer.
The acquisition phase will continue until April and fast-track data is expected in October 2021.
TechnipFMC has split into two independent companies: TechnipFMC and Technip Energies.