ExxonMobil has acquired a 50% share in Equinor’s BM-S-8 block located offshore Brazil for $800m.
The BM-S-8 block holds the two billion barrel, pre-salt Carcara oil field.
The owners of the BM-S-8 block will be ExxonMobil (36.5%), Equinor (36.5%), Petrogal Brasil (17%) and Barra Energia (10%), following the deal.
ExxonMobil and its partners have commenced development activities on the Carcara oil field, including concept selection.
ExxonMobil holds a 40% interest in the North Carcara block located adjacent to BM-S-8. The block also contains a part of the Carcara field.
ExxonMobil is an oil and gas company based in the US, while Equinor is a Norwegian multi-national energy company.
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US-based oilfield services company Schlumberger has opted out of the joint venture (JV) with Golar LNG, known as OneLNG.
OneLNG was formed for the development of the Fortuna LNG project located in Equatorial Guinea. Ophir Energy is one of the partners in the JV.
The Fortuna LNG project is located in Block R off the coast of Equatorial Guinea. The project is expected to be one of the first deep water projects in West Africa featuring a floating terminal. The first gas from the deep water LNG project is expected in the second half of 2020.
Schlumberger has decided to end its participation in the JV due to problems with financing and other capital and resource priorities.
Petrofac’s Engineering and Production Services (EPS) East division has been contracted to provide support and engineering services to the Liuhua 29-1 gas field development project owned by Husky Oil China.
EPS will provide support and engineering services for a period of three years for the project.
The Liuhua 29-1 field is a part of the Liwan gas project and is located offshore Pearl River Mouth Basin in the South China Sea and 300km south-east of the Hong Kong Special Administrative Region.
TechnipFMC has been contracted by CNOOC Limited to provide subsea services for the Liuhua 16-2, 20-2 and 21-2 Oilfield Joint Development Project.
The oil fields are located in the South China Sea in water depths between 380m and 430m.
The scope of the contract covers the engineering, procurement and construction of subsea equipment, including enhanced horizontal Christmas trees (EHXT), wellheads, subsea control systems, manifolds and support services.