Eni, Vitol and Ghana National Petroleum Corporation (GNPC) signed today with the President of the Republic of Ghana, John Dramani Mahama, and the Minister of Petroleum, Emmanuel Armah-Kofi Buah, the agreement to proceed with the OCTP integrated oil & gas project in Ghana. First oil is expected in 2017, first gas in 2018 and the peak production will be 80,000 boed in 2019.
Technip has been awarded by Stone Energy Corporation both a flexible pipe supply contract and an installation contract for the Amethyst field, located on Mississippi Canyon 26, in the Gulf of Mexico.
Aker Solutions will provide engineering, procurement and management assistance services for five years at the Statoil-operated Johan Sverdrup development in the Norwegian North Sea.
On behalf of the Johan Sverdrup licence partners, Statoil is today awarding a contract to Kværner Verdal for delivery of the riser platform jacket for the Johan Sverdrup field.
Exxon Mobil Corporation (NYSE:XOM) announced today that production has begun at the Sakhalin-1 project’s Arkutun-Dagi field – the last of the three fields to be developed. Peak daily production from the field is expected to reach 90,000 barrels.
Eni announces the production start-up from the Lucius Field in the Gulf of Mexico deepwater, 240 miles south of the Louisiana coast, United States.
McDermott International, Inc. (NYSE: MDR) (“McDermott” or the “Company”) and GE Oil & Gas (NYSE: GE) (“GE”) today launched io oil & gas consulting, a new independent venture to transform front-end offshore field development.
With Brent crude falling to its lowest price in four years this week, operators are under immense pressure to streamline costs and offshore decommissioning and abandonment is one of the biggest areas in need of improvement, analysts said ahead of a major summit in Houston.
Eni has started production from Nené Marine field, offshore Congo, just eight months after obtaining the production permit and 16 months following the exploration discovery. The field is located in Marine XII Block, approximately 17 km from the coast.
BG Group, a world leader in exploration and LNG, today announced that its partner Petróleo Brasileiro S.A., as the operator of block BM-S-11 in the pre-salt Santos Basin, has submitted the Declarations of Commerciality (DoC) to the Brazilian National Agency of Petroleum, Natural Gas and Biofuels (ANP) for three separate oil and gas accumulations in the Iara area, offshore Brazil.