December 2021 - Page 5 of 11

Exxon goes after new deepwater blocks in Brazil

December 17, 2021

Exxon Mobil Corp is prepared to bid for new blocks in Brazil’s deep-water oil fields, a focus area for its oil and gas production growth, people familiar with the matter said. Any bid would mark its first big investment since it decided to resume spending after a historic, $22.4 billion annual loss in 2020. The auction could see

Key Manhattan scores extension

December 17, 2021

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Shelf Drilling, Ltd. announced that it has secured an eighteen-month extension on the Key Manhattan jack-up rig in direct continuation of its current contract for drilling operations in the Adriatic Sea offshore Italy. The expected availability of the rig is now August 2023. Source: Shelf Join our mailing list here

Borr lands new work for the Norve and Thor jackups

December 17, 2021

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Borr Drilling Limited is pleased to announce it has secured a contract for the premium jack-up drilling rig “Norve” with BW Energy for work in Gabon. The contract is expected to commence in the second half of 2022 after the completion of the rigs current contract. The work will cover 4 firm wells with an anticipated duration

Sacgasco signs up the Murmanskaya

December 16, 2021

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Sacgasco has announced that its wholly owned subsidiary, Nido Petroleum Philippines ('NIDO'), has secured a Sale and Purchase Agreement on Service Contract Block 6B ('SC 6B') designed to accelerate the anticipated redevelopment of the Cadlao Oilfield and exploration of nearby East Cadlao oil prospect. The Joint Venture has agreed to appoint NIDO as the technical operator for SC 6B advising The Philodrill Corporation as the Operator of Record. Under

Eni and Sonatrach sign decarbonization agreement for Berkine Basin

December 16, 2021

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A contract to relaunch production in the Berkine Basin and an agreement for decarbonization initiatives were signed in Algiers by the CEOs of both Eni and state firm Sonatrach, further strengthening Eni’s presence in the country. The Chief Executive Officer of Sonatrach, Toufik Hakkar, and the Chief Executive Officer of Eni, Claudio Descalzi, in the presence of the

Tom Prosser commences operations in Carnarvon Basin

December 16, 2021

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Carnarvon Energy has provided an update on its near-term drilling program as advised by the operator, Santos. The Noble Tom Prosser jack-up drilling rig has commenced operations in the Carnarvon Basin. At the completion of these operations, anticipated to be mid-January 2022, the drilling rig will be mobilized to the Pavo-1 site. On current planning, Pavo-1 is scheduled to commence in mid-late January, 2022. The Pavo-1 well will target the primary Caley to Crespin interval, similar to that intersected in the nearby Dorado field. It

Five companies apply to store CO2 on the Norwegian continental shelf

December 16, 2021

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The Ministry of Petroleum and Energy has received applications from five companies in connection with the announcement of two areas associated with injection and storage of CO2 on the Norwegian continental shelf. These companies are Norske Shell, Equinor, Horisont Energi, Northern Lights and Vår Energi. The Norwegian Petroleum Directorate will advise the Ministry in connection with the application process. Source: NPD Join our mailing list here

The outlook for awards is improving – Petrofac CEO

December 16, 2021

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Petrofac has won new contracts worth $1.5 billion in the second half of the year while flagging lower annual revenue on weakness at its largest division. Petrofac reached a settlement with Britain's Serious Fraud Office (SFO) in September after a four-year investigation, which had hindered its ability to secure contracts in key Middle Eastern markets "Our priority is now to