The Azeri state energy company SOCAR has been developing the Karabakh Field in a joint venture with Norway’s Equinor since May 2018.
The Yellowtail wells and upcoming Redtail well will form the basis of another FPSO development, executives say.
CNOOC Ltd. has commenced production at Luda 21-2/16-3 regional development project, the company said on July 20.
Total's massive LNG project in Mozambique includes the development of the Golfinho and Atum natural gas fields in the Offshore Area 1 concession, and the construction of a two-train liquefaction plant.
The NOAKA area, located between the Oseberg and Alvheim fields in the North Sea, is estimated to hold more than 500 MMboe.
According to the agreement the parties will collaborate in new ways while carrying out the work on Statfjord safely and efficiently.
ConocoPhillips has deployed a low-code platform called Mendix to cut costs and increase efficiency, making it the first major oil and gas producer to use such technology across the company, Mendix said in a statement on June 30.
Initial development plans at Taggart include the completion and tieback of two wells. First production is anticipated in 2022.