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Developers of the field, located in the North Falkland Basin, hope to sanction the first phase of the project by year-end 2018 as costs fall.
BP and Reliance Industries Ltd. on April 19 announced the sanctioning of the ‘Satellite cluster’ project in Block KG D6.
Italy’s oil major Eni (NYSE: E) has received approval of a plan of development of a natural gas field located offshore East Kalimantan in Indonesia.
The Njord Bravo FSU is scheduled to be delivered in the spring of 2020.
Chevron Corp. (NYSE: CVX) will proceed with the second stage of its giant Gorgon LNG export plant off the northwest coast of Western Australia, the company said on April 14.
The natural gas treatment plant project worth nearly US$600 million is of "great significance" to the development of oil and gas for Petrobras pre-salt, according to the company press release.
National Oil said in a statement seen by Reuters on April 12 that the agreement with Schlumberger would create a development blueprint for the field in the next year.
Investment and development activity picked up speed in 2017.
The Gorek, Larak and Bakong fields will be developed as three separate wellhead platforms tied back to the existing processing facility and to the MLNG complex, Sapura said in a news release.
Alligin and Vorlich are satellite fields located near to existing infrastructure meaning they can be quickly developed through established offshore hubs.
India’s Oil and Natural Gas Corp. Ltd. (ONGC) and Reliance Industries Ltd. (RIL) have started discussions with buyers to sell natural gas from their fields in the Bay of Bengal that are expected to start production over the next three years.
Ghazeer development is expected to bring Khazzan production to an estimated 1.5 Bcf/d gas.