In a significant move, the company has signed agreements to acquire the Kuda Tasi and Jahal Oil Fields offshore Timor-Leste. This acquisition secures 34 million barrels of discovered undeveloped oil, propelling the company into the development phase with a clear path to Final Investment Decision (FID) and First Oil. The company is mobilizing resources to […]
The company has signed a pivotal contract with Woodside Energy Petróleo Operaciones de México to construct and lease a state-of-the-art Floating Storage and Offloading (FSO) unit. This FSO will support the Trion deepwater oil field in Mexico’s Perdido Belt for 20 years. ◾ Innovative Design: The FSO, based on a Suezmax-type hull, will include a […]
Congratulations Eni Mexico for having achieved a significant milestone with the start-up of its new platform, Amoca 2. This marks the fourth platform in the Area 1 field, which also includes one FPSO. Key Highlights: ◾New Addition: Amoca 2 platform now operational. ◾Area 1 Field: 4 platforms and 1 FPSO in operation. ◾Team Effort: Success […]
Mexico’s National Hydrocarbons Commission (Comisión Nacional de Hidrocarburos) Reveals 10 Oil and Gas Contract Investments for June 2024. 🔲 The total investment amounts to $16,869 million USD. Here are the key contracts and their respective operators: 1. Eni México: Contract CNH-R01-L02-A1/2015 with an investment of $3,036 million USD. 2. PEMEX Exploración y Producción: Contract CNH-M1-EK-BALAM/2017 […]
Offshore Drilling Jack-up Rig B152 has successfully mobilized to Abu Dhabi Offshore, UAE, and commenced operations on July 12, 2024. The B152 and its crew are set for a safe and successful campaign. Key Highlights: ◾Project Milestone: Successful mobilization of B152. ◾Operational Zone: Abu Dhabi Offshore, UAE. ◾Start Date: July 12, 2024. ◾Commitment: Ensuring safety […]
The project, currently under construction, is set to produce its first ammonia in 2025 and lower carbon ammonia by 2026. Key Points: ⚫ Acquisition: OCI Clean Ammonia Holding B.V. ⚫First Production: 2025 (ammonia), 2026 (lower carbon ammonia). ⚫Technology: Auto thermal reforming with 95%+ CO2 capture. ⚫Capacity: Abate 3.2 Mtpa CO2-e at full development. ⚫Financials: Exceeds […]
Congratulations on a significant contract for its ultra-deepwater drillship, Deepwater Invictus, with bp in the U.S. Gulf of Mexico. The 1,095-day contract will commence in the first quarter of 2025, contributing approximately $531 million in backlog, excluding additional services and a mobilization fee. Key Points: ◾Contract Value: $531 million. ◾Duration: 1,095 days. ◾Commencement: Q1 2025. […]
South Korean shipbuilding giant Hanwha Ocean is preparing to send off a fixed platform to the Al-Shaheen oil field in Qatar. The platform, constructed for North Oil Company Qatar (NOC), will depart from Geoje Okpo yard at the end of July 2024 and is expected to arrive in Qatar within 25 days. Key Points: 🔲Project: […]
Partners: Equinor (40%, operator), ExxonMobil (40%), Petrogal Brasil S.A. (20%), and Pré-Sal Petróleo S.A. (PPSA). The FPSO Bacalhau, developed by MODEC, has made history as the world’s first newly built FPSO to receive the prestigious Approval in Principle (AiP) for the Slaughter Rating from the classification society DNV. This certification underscores the FPSO’s exceptional emission […]
In June 2024, the Maloob field recorded the highest liquid hydrocarbon production with 322 Mbd, followed closely by the Zaap and Quesqui fields, both with 159 Mbd. For natural gas production, the Quesqui field led with 552 MMpcd, followed by the Ixachi and Akal fields with 531 MMpcd and 302 MMpcd, respectively. Key Highlights: 🔲Maloob: […]