ENERGY PROJECTS MAP

Weizhou 10-3W Oil Field

Roc Oil Company Ltd

$100 million

Roc Oil is advancing its plan to develop the Weizhou 10-3W oil field. It is stated that the development will include a new wellhead platform and a central processing platform, along with a subsea pipeline and cable. The project is formally in the Basic Design Phase to detail facilities, drilling and completion, subsurface program, and EIA report. The FID is planned for 2023.

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Equinor

Equinor has reached a final investment decision on the project. The $9 billion investment will feature a new FPSO, with commercial production expected in 2028. Modec has confirmed a contract award for the BM-C-33 FPSO following an FID by Equinor. The two-phase turnkey contract includes both FEED and EPC work. TechnipFMC has been awarded the EPCI contract for the project's SURF scope.

GUYANA

Uaru Oil Field

$12.7 billion

ExxonMobil ExxonMobil, following government approval, reached a final investment decision on the project. The project is targeting the production of 800 million barrels of oil. Offshore Frontier Solutions, a Modec-Toyo joint-venture, will be responsible for the EPCI of the Errea Wittu FPSO. Saipem has confirmed a contract award for the design, fabrication and installation of subsea umbilicals, risers and flowlines associated for the development. TechnipFMC has been awarded a contract for the provision of project management, engineering, and manufacturing services to deliver the overall subsea production system.

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$5 billion

TotalEnergies

ANPG, TotalEnergies and Sonangol have inked a head of agreement (HOA) on the future development of the Cameia and Golfinho fields. The HOA marks an important milestone towards FID scheduled for 2023 after receiving the partner's and authorities' approvals.

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$50 million

Shell

Modern American Recycling Services Europe (MARS) has received a limited notice to proceed (LNTP) for the dismantling and recycling of the Fluminense FPSO. A formal contract award will take place in 2023. The FPSO is expected to arrive at the MARS Europe yard in Denmark in 2024.

Kaskida Offshore Oil Field

$15 billion

BP

BP has decided to move forward to the concept selection process for the Kaskida project following positive results at the Mad Dog Phase 2 project. BP's plan is to issue a FID in 2024. Development costs are estimated at US$15-20 per barrel.

$5.5 billion

Shell

Worley has been awarded another FEED contract to provide engineering and design services for the project. Under the agreement, Worley will provide engineering, design, procurement support, construction and commissioning support for the FEED work and detailed design on various phases of the project. The FID of the project has been postponed to Q4 of 2023.

$1.5 billion TotalEnergies

A consortium consisting of PT Tripatra Engineers, Saipem and Daewoo Engineering & Construction has been awarded a FEED contract for the PNG LNG's upstream facilities. The contract covers phase 2 of FEED from the central processing facility (CPF) and well pad construction for ElkAntelope, which will supply natural gas for PNG LNG.

$100 million BP

Subsea7 has been awarded a contract for the two-well tie-back at Raven. The scope of the contract encompasses engineering, procurement, transportation, and installation of approximately six kilometres of flexible pipes, umbilicals, and related subsea structures in water depths of approximately 800 metres. Project management and engineering will be overseen from Subsea7 offices located in France, the UK, and Portugal.

Rafael Gas Discovery

$500 million

Buru Energy

Buru Energy is looking to proceed with FEED phase for the project following delineation drilling in 2024.

It is mentioned that the pre-feasibility study has been completed and found that 1.6mtpa FLNG facility is technically, commercially and economically feasible option to commercialise the Rafael gas development project. However, the operator is still keeping the development options open via in-house and third party studies.

North Field Production Sustainability (NFPS) Compression ProjectPhase 1 & 2

$5 billion

Qatargas Ranhill Worley has stated that it has been awarded the contract by Saipem to provide detailed engineering design for the two compression complexes. The value of the contract is $50 million. The work is expected to be completed by Q3 2024.

12

Block 30 – Kan Oil Discovery

$250 million

Wintershall DEA

Wintershall Dea has announced an oil discovery at Block 30 following the drilling of the Kan-1EXP exploration well. Drilled by the Borr Ran jack-up rig, well was drilled to a total depth of 3,317m and identified more than 170 metres of net pay of good quality oil in the Upper Miocene formation. An updip sidetrack was carried out to a depth of 3,087m, identifying about 250m of net pay across the main reservoir sands. Wintershall Dea and partners plan to present an appraisal plan to Mexican authorities by the end of July 2023.