ENERGY PROJECTS MAP

Indonesia

Abadi Gas Field

Inpex

$20 billion

The revised plan of development (POD) for the Abadi LNG project has been submitted. The revised POD has included the carbon capture and storage component as part of the projects development. Inpex stated that the Abadi LNG project is expected to be the first CCS project to be carried out as a cost recovery business based on the production sharing contract framework governing upstream oil and gas projects in Indonesia.

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Brazil

Buzios Oil Field

(Phase 11 – P-83 FPSO)

Petrobras

$3.5 billion

GE Power Conversion has been awarded a contract for the design, supply and delivery of the electrical modules to be installed in the P-80 and the P-83 FPSOs. The company was hired by Keppel Shipyard, responsible for the EPC works of both units. The modules will be built in Asia and transported to Singapore between 2024 - 2025 for topsides integration.

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Papua New Guinea

Pasca Gas & Condensate Field – Phase 1

Twinza Oil

$800 million

Twinza has announced that the advanced pre-FEED work has been completed and that the company is ready to proceed with FEED and project finance arrangements. Phase 1 of the project will include a three well field development comprising, a wellhead platform, a processing platform, a storage unloading vessel and a production and treatment facility. Once operating the field will produce more 20,000 boe/d of NGL.

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Malaysia

Rosamari and Marjoram Field Development

Shell

$1 billion

OceanMight Sdn Bhd has received a purchase order from Samsung Engineering for the onshore gas plant for the project. The contract is valued around US$26.24mn and will involve module fabrication and supply of steel structures for the onshore gas plant.

Mexico

Kayab-Pit Offshore Oil Field

Pemex

$450 million

CNH has approved Pit's Development Plan, which had been previously presented by Pemex in December 2022. PEMEX intends to invest about US$450mn for the development of the Pit oil field prior to startup in 2025. Production at the fields will require the construction of two marine platforms, Kayab-A and Pit-A, as well as associated infrastructure.

Norway

Symra Oil Field

Lundin Energy

$300 million

Aibel has been awarded a contract to carry out modifications to the Ivar Aasen platform to allow tieback of the Symra field. Work is already underway, with engineering, procurement and project management taking place at Aibel’s Stavanger office. The construction will take place at a yard in Haugesund in September 2023 until May 2026. The entire work is scheduled to be completed by the end of 2026.

Usa

Leon Offshore Oil Field (Salamanca FPU)

LLOG Exploration

$500 million

Trendsetter Engineering has been awarded a contract to provide subsea hardware at the Leon and Castile oil fields of the Salamanca developments. The scope of the work would include the design and manufacture of the subsea production manifolds featuring Trendsetter’s TCS subsea connectors as well as valves sourced from Advanced Technology Valve S.p.A. (ATV) in Colico, Italy. They will also provide TCS connectors and ATV valves for the export tie-ins. The equipment will be delivered in Q1 of 2024.

Mexico

Yatzil-1 Oil Discovery

Eni

$500 million

Eni has announced an oil discovery on Block 7 after drilling the Yatzil-1 exploration well. The well, located in a water depth of 284 metres, was drilled by the Valaris DPS-5 semi-sub rig to a total depth of 2,441m. According to Eni, 40-metres net pay of good quality oil was identified in an Upper Miocene play and the discovery main contain approximately 200 million barrels of oil equivalent.

Falkland Islands

Sea Lion Oil Field (Phase 1)

Navitas Petroleum

$1.8 billion

Navitas continues to optimise the project and the company expects to announce a final investment decision in 2024, with startup 30 months later. It is understood that the company plans to redeploy an existing FPSO instead of pursuing the option of a converted unit. The new development plan proposes 18 wells to be drilled in phase 1, 11 of these coming before first oil.

Equatorial Guinea

Venus Oil Field

Vaalco Energy

$400 million

The Plan of Development (POD) was approved by the Government of Equatorial Guinea on March 8, 2023. The partners anticipate that the first development well will be drilled in early 2024, that they will acquire, convert, and install production infrastructure over the next three years, and that they will drill a second development well and a water injection well in 2025-26. First oil production is anticipated in 2026.

Algeria

Amguid Oil & Gas Discovery

Sonatrach

$100 million

Sonatrach has announced the discovery of oil and gas production in the first well in Amguid, located in EastCentral Algeria. The well produced approximately 5,599 barrels per day (b/d) of crude oil and over 170,000 cubic meters per day (m3) of gas.