28 June 2024
28 June 2024
Development of the oil resource involves drilling 23 wells and the production of more than 300 million barrels (mbbl) of oil.
In 2023, these assets collectively produced around 20,000 barrels per day (bpd), accounting for approximately 1.2% of Eni's total consolidated production.
The transaction encompasses several fields, the onshore Shetland Gas Plant and exploration licences.
The solution for the Fram Sør field will incorporate SLB OneSubsea’s standard subsea tree design.
The approval allows the construction and operation of the CP2 liquefied natural gas (LNG) plant and its associated 137km pipeline.
The company has discovered gross recoverable hydrocarbons of up to 39 million barrels of oil equivalent (mboe) in the North Sea.
CEO Murray Auchincloss is seemingly changing course and reinstating emphasis on oil and gas ventures for better financial returns.
With “none of the major North Sea fossil fuel countries on track to meet 2030 climate pledges”, all eyes turn to the next UK government.
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