GEG Wraps Up Subsea7 Fabrication Scope for Aker BP’s Valhall PWP - Fenris Field
ProjectLocated in the Southern North Sea, the Valhall PWP-Fenris project is one of the largest development projects on the Norwegian shelf. It includes a new centrally located PWP and an unmanned installation.The total new reserves developed by the project are estimated to 230 million barrels oil equivalent, with the production scheduled to start in 2027.Pandion Energy is the partner in Valhall, and PGNiG Upstream Norway is the partner in Fenris, which is situated 50 kilometers away
The APAC Offshore Market: Riding the Wave of Success into 2024 and Beyond
indicating a considerable number will cease operation by 2030. This trend is mirrored in the Brunei market, where plans are underway to decommission 60 platforms between 2026 and 2032.In Malaysia, Petronas reported 19 exploration discoveries last year, totalling more than 1 billion barrels of oil equivalent (boe). This series of successful discoveries highlights the untapped potential in Malaysia. With Petronas remaining committed to E&P investments in the region, Malaysia is expected to remain one of the largest markets for support vessels in the coming years. From decommissioning projects
TechnipFMC to Supply Subsea Systems for Shell’s Sparta Development
production unit (FPU).The Sparta FPU will be located in the Garden Banks area of the U.S. Gulf of Mexico, approximately 275 kilometers off the coast of Louisiana. It will feature a single topside bolstered by a four-column, semi-submersible floating hull and is designed to produce 90,000 barrels of oil equivalent per day (boe/d).Sparta development straddles four blocks of the Garden Banks area in approximately 1,300 meters (4265 feet) of water depth.Seatrium Starts Fabrication of Shell's Sparta FPUWorley to Provide Engineering Services for Shell's Floating Development in U.S. Gulf of Mexic
DeepOcean Gets ExxonMobil’s Guyana Task
their operations in the various field developments in the Stabroek Block,” said Tony Stokes, president of DeepOcean’s American operation.The Stabroek Block is one of the world's most promising oil and gas discoveries, with estimated recoverable resources exceeding eight billion oil-equivalent barrels to date.Guyana Expects $2.4 Billion in Oil Revenue in 2024 as Output RisesExxonMobil’s Prosperity FPSO Achieves Background Flare in 39 Day
Tapping the Gas Bank in the Barents Sea
the southern part of the Barents Sea. If we include the northern Barents Sea – which has not been opened for petroleum activity, the undiscovered gas resources in the Barents Sea account for two-thirds.Estimated undiscovered resources in the Barents Sea are 2400 million standard cubic metres of oil equivalent (Sm3 of o.e.) (or 15 100 million barrels of o.e.) Gas accounts for 1120 billion Sm3 of this.Figure from the Resource report 2022: Distribution of remaining liquid and gas resources (expected value) by NCS area and class. Source: Norwegian Petroleum DirectorateLong-term securityNorway is an important
Aker BP Taps Multiconsult for Yggdrasil Power from Shore Project Work
of Petroleum and Energy on June 28, 2023.Yggdrasil consists of the Hugin, Fulla and Munin license groups. The area is located between Alvheim and Oseberg in the North Sea. Partners in the area are Equinor and PGNIG Upstream Norway. Gross resources in the area are more than 700 million barrels of oil equivalent. Extensive new infrastructure is planned, including three platforms, nine subsea templates, new pipelines for oil and gas export and power from shore. The entire Yggdrasil area will be remotely operated from an integrated operations center and control room onshore in Stavanger.Under a NOK 400
Nauticus Inks Deal with Petrobras
the robot to detect, classify, inspect, and act upon subseainfrastructure using its pair of manipulators without direct operator control, aiming to trim both costs and greenhouse gas emissions..Petrobras manages 57 platforms,10,000 miles of oil and gas pipelines, and produces 2.6 million barrels of oil equivalent per day
TechnipFMC's Subsea Production System for Equinor's Irpa Project
pipeline system. Irpa will extend the life of Aasta Hansteen by seven years, from 2032 to 2039. Aasta Hansteen came on stream in December 2018.Equinor says that Irpa's expected recoverable gas resources are around 20 billion standard cubic meters, which is the same as 124 million barrels of oil equivalent (b.o.e.) or the amount of gas that nearly 2.4 million British homes would use in seven years
Trell & Trine Project: Aker BP Awards 'Sizeable' Contracts to Aker Solutions, Subsea 7
final investment decision. Subsea 7 is looking forward to continuing our collaboration for the Trell & Trine field development, with a focus on safe, efficient and reliable operations.” Recoverable resources in Trell & Trine are estimated to be approximately 25 million barrels of oil equivalent. Production is scheduled to start in the first quarter of 2025.
February 2024
