Deepwater set to dominate exploration in 2022

(Offshore) Wood Mackenzie’s Global Upstream Outlook 2022 predicts a 9% increase in investments next year to more than $400 billion. The consultants expect more than 40 projects with resources of more than 50 MMboe to be sanctioned, with low-breakeven, low-carbon deepwater projects dominating greenfield final investment decisions. Fraser McKay, vice president upstream research, said: “Companies will allocate... Continue Reading →

ABS Floating Production Life Extension Guide

American Bureau of Shipping has further developed its approach to aging offshore assets with the publication of the Guide for Life Extension of Floating Production Installations. ABS said that the guidance supported operators looking to extend the operational life of a floating production installation (FPI) by outlining clear Class requirements with a focus on safety.  It... Continue Reading →

Shell spuds Namibian wildcat

Oil major Shell has started drilling an exploration well in the Orange Basin offshore Namibia using a Valaris-owned drillship. The Graff-1 well is located in Block 2913A in the Orange Basin where Shell is the operator and its partners are QatarEnergy and the national oil company of Namibia, Namcor. QatarEnergy became Shell’s partner in two exploration... Continue Reading →

Fugro’s Atlantis Dweller ready for TotalEnergies Angola gig

Fugro’s DP2 multipurpose vessel Atlantis Dweller has arrived in Luanda, the capital of Angola, ahead of an offshore survey that it will conduct for French energy major TotalEnergies. The 69.2-meter long vessel will be monitoring environmental conditions at multiple blocks off the coast of Angola to support infrastructure planning, environmental protection and resource management Fugro also recently... Continue Reading →

Vaalco Spuds Etame 8H-ST Well, Offshore Gabon

Vaalco Energy has started its 2021/2022 drilling campaign offshore Gabon with the Etame 8H-ST well spud. Vaalco said Monday it had recently deployed a Borr Drilling jack-up rig at the Etame platform and started activities on the Etame 8H-ST development well which is expected to be completed in January with production expected later in the first quarter... Continue Reading →

PGS bags gig in West Africa

Norway-based Petroleum Geo-Services (PGS) has secured a contract to conduct a 3D exploration in West Africa. PGS’ Ramform Titan-class vessel is scheduled to commence exploration in early February 2022 and complete the work in mid-March. The seismic company did not disclose further information about the project and client. “We are very pleased with this contract... Continue Reading →

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