CHENIERE AND VITOL SIGN 15-YEAR LNG AGREEMENT
Cheniere Energy announced that its subsidiary Cheniere Marketing, has entered into a liquefied natural gas sale and purchase agreement (SPA) with Vitol...Read More+
London-based Neptune Energy and its partners announced drilling has begun on four production wells on the Fenja field in the Norwegian Sea.
The wells are being drilled by the Deepsea Yantai, a semi-submersible rig, operated by Odfjell Drilling.
Operated by Neptune Energy, the Fenja development consists of two subsea templates tied back to the Njord A platform via a production pipeline, water and gas injection pipelines and an umbilical. The wells are planned as two oil producers, one water injector and a gas injector. The gas injector will be converted to a gas producer towards the end of field life.
Neptune Energy’s Director of Projects & Engineering in Norway, Erik Oppedal, said: “This is the final phase of the Fenja development project which is located in a strategically-important growth area for the business, with a number of other interesting prospects nearby. Norway is an important part of Neptune’s geographically-diverse portfolio and this is an excellent example of the company’s commitment to investing in the region.”
The Deepsea Yantai is now set to drill into the reservoir sections, install the lower completions and execute well clean-up activities. The drilling work is estimated to take approximately 160 days.
Fenja is scheduled to come online in the first half of 2023 and will produce approximately 28,000 barrels of oil equivalent per day at plateau.
Earlier this year, Neptune announced the safe and successful installation and testing of the electrically trace-heated (ETH) pipe-in-pipe solution which will transport oil from the Fenja field to the Njord A platform. At 37 kilometres, it is the world’s longest ETH subsea production pipeline.
The Fenja oil and gas field is situated at a water depth of 325 metres around 36 kilometres southwest of the Equinor-operated Njord A platform which will receive the Fenja fluids. Neptune holds a 22.5% owner share in Njord A which is located 120 kilometres north of Kristiansund.
Neptune Energy is an independent global E&P company with operations across Europe, North Africa and Asia Pacific. The business had production of 142,000 net barrels of oil equivalent per day in 2020 and 2P reserves at 31st December 2020 of 601 million barrels of oil equivalent.
(Source: Neptune Energy)
Prospex Oil and Gas announced that it has been advised by the operator, Raffles Energy, that first gas production has commenced from the Bainet gas field...Read More+
Panoro Energy announced that first oil production has started from the BW Offshore operated Tortue field, within the Dussafu PSC, offshore Gabon. The introduction...Read More+
CGG has commenced acquisition of a high-density, rich-azimuth, towed-streamer multi-client survey in the UK West Shetland Basin. The 3,600 sq km survey...Read More+
Iranian Energy Minister Reza Ardakanian inaugurated the Siahpoush windfarm, the country’s largest wind farm in the northwestern province of Qazvin. As...Read More+
OMV has entered into a Heads of Agreement with Sapura Energy Berhad to form a strategic partnership. The parties have agreed to continue negotiations on...Read More+
Mangkhut, the most fearsome storm the world has seen this year has claimed at least 59 lives as it tears through the Philippines, Hong Kong and Macau,...Read More+
The Norwegian Petroleum Directorate (NPD) just concluded a successful three-week data acquisition expedition on the Mohn’s ridge in the western part...Read More+
Total advised that it has exercised option to buy a 25 per cent interest in Orinduik block operated by Tullow Oil offshore Guyana. Following exercise of...Read More+
Gazprom Neft and China National Petroleum Corporation (CNPC) have entered into a technical partnership at the Eastern Economic Forum to develop advanced...Read More+