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The Balder X Project will extend the life of the Jotun A FPSO towards 2045 through refurbishing it and relocating it to the Balder licence PL 001, the first production license on the Norwegian continental shelf.
Rystad Energy said that it expects further acreage restructuring and M&A activity in the industry, but emphasises that many operators have managed to combine production growth with balanced spending and debt reductions.
The methodology aims to bring a level playing field to the sector’s varying technical definitions of, and expectations towards digital twins.
Vår Energi will become the second largest E&P company on the Norwegian Continental Shelf after Equinor, with total reserves and resources of about 1900 million boe.
The Subsea & Drilling Brazil conference will take place from 28 – 29 November in Rio de Janeiro.
The company undertook the work for LLOG Exploration using its smart skid technology.
The oilfield procurement firm has been awarded its first contract with Petrofac in the UK as well as two major contracts with Spirit Energy and BP.
The Irish Government has confirmed that its proposals ‘will relate to future applications’ and that ‘existing licences will remain valid’.
The contracts are to support Total E&P South Africa's operations in Block 11B/12B and the drilling programme is expected to take up to 280 days.
As CT scanning provides a non-intrusive inspection method, all assets will remain operational throughout each project.
The agreement entails using the Weatherford Magnus® rotary steerable system in both re-entry wells and new wells.
The contract covers an area of 1600km2 for 3D seismic with associated 2D work to be executed over a 1.5-month period from end 3Q19 for the undisclosed client.