Deepwater Calao Field’s potential resources are estimated at between 1 Bboe and 1.5 Bboe.
Here’s a roundup of the latest E&P headlines, including a reserves update and new contract awards.
Upstream majors dive into deeper and frontier waters while exploration budgets for 2024 remain flat.
Optime Subsea, which supplied the operation’s remotely operated controls system, says its technology reduces equipment from transportation lists and reduces operation time.
The two-well Gulf of Mexico development will send 16,000 boe/d at peak rates to the Appomattox production semisubmersible.
As Transocean executives predicted during third-quarter earnings, the company is in the middle of an upcycle, with day rates and revenues reaching new heights.
The deepwater greenfield project in the Gulf of Mexico targets reserves in the high-pressure Paleogene reservoir.
Transocean’s total backlog for its fleet is approximately $9 billion.
The BP-operated Greater Tortue Ahmeyim project on the Mauritania and Senegal maritime border is expected to produce 2.3 million tonnes per annum during it’s initial phase.
Woodside Energy’s Trion is expected to start production in the Mexican sector of the Gulf of Mexico in 2028, and Woodside said the impact assessment will help the operator engage with local communities during the construction phase.