27 May 2024
27 May 2024
Contract activity indicates the growing popularity of floating storage regasification units (FSRUs) as countries in Europe and beyond look to increase their liquefied natural gas (LNG) import capacity.
This agreement comes after a warning of potential halt due to certification issues with oil flow meters in Poland.
The contract is for the construction of P-84 and P-85 FPSOs, which will be deployed at the Atapu and Sépia fields, respectively.
Located in North Sea, the Bøyla field is a mature asset and has been operational since 2015.
This move is part of Saudi Arabia's broader economic strategy to diversify the kingdom's economy and reduce its dependency on oil revenues.
The move forms part of the company's strategy to streamline its operations.
In June, operations will commence with the perforation of 49m of gas pay across four wells.
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GlobalData's latest report offers a detailed analysis of planned and announced projects in the APAC region across the oil and gas value chain. The report outlines total upcoming capacity and 2028 market size scenarios, highlighting all new build and expansion projects by capacity, capex, and contractor details. Furthermore, the report gives a comparative analysis of key countries based on their contribution to global as well as regional oil and gas capacities.
GlobalData's latest report offers a detailed analysis of planned and announced projects in the APAC region across the oil and gas value chain. The report outlines total upcoming capacity and 2028 market size scenarios, highlighting all new build and expansion projects by capacity, capex, and contractor details. Furthermore, the report gives a comparative analysis of key countries based on their contribution to global as well as regional oil and gas capacities.
GlobalData's latest report offers a detailed analysis of planned and announced projects in the APAC region across the oil and gas value chain. The report outlines total upcoming capacity and 2028 market size scenarios, highlighting all new build and expansion projects by capacity, capex, and contractor details. Furthermore, the report gives a comparative analysis of key countries based on their contribution to global as well as regional oil and gas capacities.
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