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Norway: Equinor awards framework agreements for 4D towed streamer seismic acquisition offshore Norway

Norway: Equinor awards framework agreements for 4D towed streamer seismic acquisition offshore Norway
10 Mar 2021
PGS and
Shearwater GeoServices framework agreements for 4D towed streamer seismic acquisition on the Norwegian continental shelf (NCS). The agreements have a total estimated value of around
NOK 700 million.
This is a new way of working with seismic suppliers. We are moving away from annual tenders towards a more long-term collaboration model. This will ensure improved predictability and more sustainable rates for suppliers in the seismic industry that is traditionally exposed to significant cyclicality, says Peggy Krantz-Underland, Equinor’s chief procurement officer.
PGS and Shearwater have been awarded generic framework agreements covering 4D seismic services on the NCS for a firm period of two years starting in 2021. The agreements include two two-year options and can also be applied for the UK continental shelf. ....

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Suriname: APA Corp and Total terminate Keskesi East-1 well early due to high pressure

APA Corp and Total have terminated operations at the Keskesi East-1 discovery well in Block 58, offshore Suriname, due to substantial pressure increases in the well. ....

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Slovenia: Ascent Resources announces Slovenia operations and JV partner update

Slovenia: Ascent Resources announces Slovenia operations and JV partner update
10 Mar 2021
Ascent Resources, the onshore Caribbean, Hispanic American and European focused energy and natural resources company, has announced an update on its operations in
Slovenia and ongoing matters with JV partners.
Petisovci Project Operations Update
Further to the announcement of 9 February, production at the
PG-11A well has now restarted following agreement with INA, in Croatia, to re-open the pipeline evacuation route and to receive export sales gas without a minimum offtake commitment for the initial days of production stabilisation. An average production rate in excess of 20,000 scm/day has initially been recorded. The JV will continue to monitor production over the coming days and only thereafter commit, to INA, daily sales gas delivery volumes on a weekly basis. Revenues received from gas sales will first go towards accrued and continuing JV operational over ....

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New Zealand: NZOG relinquishes New Zealand Oil & Gas Toroa permit PEP 55794 in the Great South Basin

New Zealand Oil & Gas (NZOG) has applied to relinquish the Toroa Petroleum Exploration Permit 55794, located in the Great South Basin, New Zealand, which contains the Kaipatiki prospect. ....

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UAE: PETRONAS seeks collaborations with UAE global energy players

UAE: PETRONAS seeks collaborations with UAE global energy players
10 Mar 2021
Abu Dhabi National Oil Company (ADNOC) and
Masdar to pursue collaborations across the energy value chain.
Discussions between the parties began following His Majesty Seri Paduka Baginda The Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah’s five-day special visit to the UAE in December 2020 at the invitation of the Crown Prince of the Emirate of Abu Dhabi, Sheikh Mohamed Zayed Al Nahyan. The resulting MoUs mark a significant milestone in the Malaysia-UAE bilateral relations.
The
PETRONAS-ADNOC MoU spans the entire oil and gas value chain where ADNOC welcomes PETRONAS to seek opportunities to collaborate in the exploration, development, and production of Abu Dhabi’s significant conventional and unconventional resources. The scope extends into potential R&D and applied technology cooperation in enhanced hydrocarbon recovery, carbon capture, util ....

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