A giant has provided what sounds like a big vote of confidence in the North Sea but those concerned about the prospects for the key oil and gas industry may be unwise to get too excited about it. Firms in the North Sea have been caught in the eye of a storm in the last year as the slump in oil and gas prices triggered by the coronavirus crisis and associated logistical complications have posed huge challenges. A range of firms have slashed spending, causing pain for a supply chain which emerged in feeble shape from the downturn caused by the fall in oil prices from 2014 to 2016.
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Production tipped to slip
Enquest pulled an average 59,116 barrels of oil equivalent out of the ground per day in 2020, it said. This was down from the 68,606 barrels of the black stuff it produced in the prior year.
Cheerily, its gigantic Kraken oilfield in the North Sea generated a daily average of 26,450 barrels of oil in 2020. This was at the top end of guidance thanks to the high operation of floating production storage and offloading (FPSO) units at the asset. Enquest’s share of Kraken output averaged 25,172 barrels a day in 2019.
PETROFAC SECURES PETROLEUM DEVELOPMENT OMAN CONTRACTS
Petrofac has been awarded two contracts, together worth around US$300 million through Petroleum Development Oman (PDO).
The first is a direct EPC contract for PDO s Marmul Main Production Station (MMPS) - Gas Compression project. The scope of work for the 30-month, lump-sum turnkey contract includes engineering, procurement, construction, commissioning, start-up and initial operational support.
Located at Marmul in the South of Oman, approximately 800 kilometres from Muscat, the purpose of the new facility is to eliminate permanent flaring and manage associated gas. The work includes gas recovery and booster compressors, gas sweetening, dehydration and other units, utility systems and modification of existing facilities.
EnQuest signs agreement to acquire equity interest in the Golden Eagle development
édité le 04/02/2021 - Plus de news de EnQuest - Voir la fiche entreprise de EnQuest
EnQuest PLC (together with its subsidiaries, EnQuest), an independent oil and gas production and development company listed on the London and Stockholm stock exchanges (ENQ.L and ENQ.ST), is pleased to announce it has signed an agreement with Suncor Energy UK Limited (Suncor) to purchase Suncors entire 26.69% non-operated equity interest in the Golden Eagle area, comprising the producing Golden Eagle, Peregrine and Solitaire fields (the Transaction) for an initial consideration of US$325 million.
Petrofac secures Petroleum Development Oman contracts
DJ Petrofac secures Petroleum Development Oman contracts
Petrofac Limited ( PFC)
Petrofac secures Petroleum Development Oman contracts
04-Feb-2021 / 07:00 GMT/BST
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Press Release
4 February 2021
PETROFAC SECURES PETROLEUM DEVELOPMENT OMAN CONTRACTS
Petrofac has been awarded two contracts, together worth around USUSD300 million through Petroleum Development Oman (PDO).
The first is a direct EPC contract for PDO s Marmul Main Production Station (MMPS) - Gas Compression project. The scope
of work for the 30-month, lump-sum turnkey contract includes engineering, procurement, construction, commissioning,