ENERGY PROJECTS MAP

Senegal

Greater Tortue-Ahmeyim Phase 2BP

$2 billion

Sval, and its partners, Storegga and Neptune have applied for the Trudvang storage licence in the Norwegian North Sea. The carbon capture and storage project will involve the capture of CO2 by multiple industrial emitters across Northern Europe and the UK, followed by liquefaction and shipping of the liquid CO2 from individual export terminals to an onshore receiving terminal in the south-west of Norway. The CO2 will then be transported via a purpose-built pipeline to Trudvang, where it will be injected and permanently stored in the Norwegian North Sea.

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Colombia

Tayrona Block – Orca & Uchuvu Discoveries

Petrobras

$1.5 billion

Petrobras' US$6bn exploration budget for 2023-2027 includes drilling activities at the Tayrona block. The operator is looking to restart drilling activities on the block in 2024, which will comprise of two well campaign and include drilling of the Uchuva-2 appraisal well and the Buena Suerte-1 exploration well.

Morocco

Anchois Gas Development

Chariot Ltd

$500 million

Chariot has announced the completion of the FEED work for the field, and has requested commercial proposals for the EPC work. The field development will comprise initially of three subsea producer wells. The gas will flow to an onshore central processing facility with an initial capacity of 105 MMcf/d via a subsea flowline.

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Senegal

Greater TortueAhmeyim Phase 2 bp

$2 billion

A pre-FEED tender for the project is set to be launched during 2023, which is to be followed by full FEED tender in 2024. BP is planning to reach a final investment decision on the project in 2024.

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TANZANIA Tanzania LNG Liquefaction Plant

Shell

$30 billion

Shell and Equinor have concluded negotiations with the Government of Tanzania for the construction of the facility. The partners are now drafting contracts for the project, one is the Host Government Agreement and the other is regarding blocks 1, 2 and 4 which will provide the natural gas for the resource. The FID on the project is planned for 2025.

NAMIBIA Jonker-1X Oil Discovery Shell

$1 billion

Shell and its partners have announced a light oil discovery via the Jonker-1X exploration well located in the Orange Basin. The well was drilled by Northern Oceans Deepsea Bollsta semi-submersible drilling rig drilled to a total depth of 6,168 metres in 2,210 metres of water. This is third significant discovery made in Namibia and follows the Graff1X and Venus-1X discoveries that were made in 2022.

CHINA Bozhong 26-6-2 Oil Discovery CNOOC

$1 billion

CNOOC has announced a new discovery at the Bozhong 26-6 oil field which is located in water depths that average 22 metres. The discovery well BZ26-6-2 was drilled and completed at a depth of 4,480 metres and produced on test approximately 2,040 b/d of oil and 11.45 MMcf/d of gas.

ANGOLA Agogo Full Field Development

Azule Energy

$10 billion

Following the final investment decision announcement, a number of contracts have been awarded on the project. Successful contractors for the various subsea packages include Saipem, Baker Hughes, TechnipFMC, Subsea7 and Aker Solutions, while Yinson has been awarded the contract to supply the FPSO.

BRAZIL Neon Field Development

Karoon

$500 million

Karoon has started engineering studies for Neon ahead of the concept selection stage and FID. Meanwhile, data from the Neon-1 and Neon-2 control wells will be analysed in order to support an updated resource estimate for the field (a 2C estimate in 2018 indicated 55 million barrels of oil).

Petrobras finished the bidding process without selecting a winner. Decommissioning activities might require more time to begin as it is still unclear whether Petrobras will relaunch the tender or include the decommissioning scope in a Libra SURF contract. The decommissioning programme's schedule foresees the end of activities in mid-August 2027.

INDONESIA Timpan-1 Gas Discovery

Harbour Energy

$500 million

Harbour Energy is currently evaluating the development options for the project. The operator is planning to drill at least three exploration and appraisal wells across its Andaman acreage beginning in the second of 2023.

Kazakhstan

Tengiz Third Generation Project

Tengizchevroil

$48.5 billion

The construction phase has been completed. Chevron is set to put into operation its remaining facilities from 2023 up to 2024. The oil produced from the Tengiz field will flow through the CPC (Caspian Pipeline Consortium) pipeline and expected to reach the peak flow in 2024.