EIC: World's latest project updates

NIGERIA: Bonga North Tranche 1 – OML 118, Shell, $3.9 billion

Expressions of interest for three EPC packages have been submitted and the prequalification process is currently underway. The three contracts cover: modification of an FPSO and integrating the FPSO with subsea umbilical, flowlines and risers: delivery of the SURF package; subsea equipment.

CAMEROON: Njonji Oil Field, Tower Resources, $150 million

Tower Resources are looking to drill the NJOM-3 appraisal well by the end of 2022. If the drilling goes ahead and is deemed successful, a decision will be made regarding three wells that are set to be drilled in Q1 2023, before contracts are awarded for the MOPU and the small platform set to beused. First production is planned for 2024 and will subsequently be followed by further drilling campaigns.

NETHERLANDS: Holland Hydrogen I, Shell, $200 million

A final investment decision has been made to build the 200MW electrolyser which will produce 50,000 – 60,000kg of hydrogen per day. The electricity will come from the Hollandse Kust (Nord) wind farm. Construction will begin for the plant to be operational in 2025.

INDONESIA: Timpan-1 Gas Discovery, Harbour Energy, $250 million

Harbour Energy announced that the company has completed the drilling of Timpan-1 exploration well, located 150km off shore Indonesia in the Andaman II PSC. The company stated that the well was drilled to a total depth of 4,211m and flowed 27MMcf/d of gas and 1,884bpd of associated 58 degrees API condensate. It is mentioned that further work will be required to establish commerciality and the full potential of the project.

USA: Sparta Offshore Oil Field, Shell, $5.5 billion

Pending approval by relevant authorities and customary conditions Shell announced that they are to acquire the 51% operating interesting from Equinor for the North Platte field, which has been renamed Sparta. The companies will review the FEED work and the development plan. It is understood that the project could use the same design as previously used for Shell’s Vito and Whale development projects.

INDIA: Tamil Nadu Green Hydrogen & amp; Ammonia Plant, ACME Solar, $6.5 billion

ACME is planning to develop a 1.5GW green hydrogen and ammonia plant, powered by a 5GW solar plant to produce 1.1 million tonnes of ammonia. The project will cost USD6.55 billion. Ammonia and hydrogen from the plant will be used to decarbonise fertiliser production, for refining and steel manufacturing and for power. pipeline to an onshore central processing facility.

AUSTRALIA: Laminaria-Corralina Fields Decommissioning, Northern Territory Government, $260 million

The federal government has awarded Wood with a contract for the decommissioning project. Under the contract, Wood will be overseeing the first decommissioning phase of the Northern Endeavour floating production, storage and offloading vessel. The company will work closely with the Department of Industry, Science, Energy & amp; Resources (DISER) and contractors to ensure the safe, efficient and responsible initial phase of this critical decommissioning scope.

BELGIUM / NORWAY: North-Western Europe Carbon Capture Infrastructure Project, Equinor / Fluxys, $1 billion

Equinor and Fluxys plan to develop an infrastructure project connecting Belgium to Norway to capture carbon dioxide (CO2) from emitters to store in the North Sea. The project includes a 1000km CO2 export trunkline operated by Equinor which will transport CO2 for storage under the seabed on the Norwegian continental shelf. A final investment decision is expected by 2025.per annum of green hydrogen and 10 million tonnes of green ammonia.

BRAZIL: Block BM-C-33 - Pão de Açucar Gas Field, Equinor, $4 billion

TechnipFMC has signed a letter of intent with Equinor for an integrated front end engineering and design (iFEED) contract for the project. The FEED is expected to lead to an EPCI contract worth more than US $1 billion following a final investment decision, which could be seen in May 2023. Pending the FID, the EPCI contract would include subsea trees, manifolds, jumpers, rigid risers and flowlines, umbilicals, PLETs, subsea distribution units and topside control equipment, in addition to life-of-field services that will become operational by Q2 2023.

ALGERIA: Hassi R’Mel Gas Field – Lias Carbonate Reservoir, Sonatrach, $1 billion

A significant new gas discovery made by Sonatrach in the Sahara Desert may contain up to 12 trillion cubic feet of reserves. The preliminary evaluation of this potential showed a volume that varies between 3.1 Tcf and 13 Tcf of gas. The project intends to move quickly, with the first production beginning in November 2022. A development work program is underway to confirm the estimated volumes and achieve fast-track production of around 300 MMcf/d.

ANGOLA: Block 17: CLOV Field Development Phase III, Total, $850 million

TotalEnergies and its partners have reached a final investment decision (FID) on the USD$850 million CLOV Phase 3 development. This work will see an extension of the subsea production network and its interconnection to the CLOV FPSO to develop additional production from existing fields. It will involve the drilling of five new wells, in water depths between 1,100 and 1,400 metres. The phase is expected to begin production in 2024, with a target production of 30,000 boe/d.

USA: Corpus Christi LNG Liquefaction Terminal Stage 3, Cheniere Energy, $10 billion

The final investment decision (FID) on developing the project has been made by Cheniere Energy and contractor Bechtel has been given a full notice to proceed with the initiative’s construction. Startup is expected in late 2025, most likely in Q4.