LNG

Seatrium of Singapore, the shipyard engineering company with continuing liquefied natural gas project successes, reported a three-fold increase in annual revenues underpinned by LNG vessel deliveries to Greece and West Africa.

National Petroleum Corporation of Namibia (Namcor) in southwest Africa said a third discovery had been made by partners Shell and QatarEnergy in the deep-water offshore Orange Basin as hopes were also raised for future revenues from associated gas like northern neighbour and LNG exporter Angola.

State-owned Namcor said the light oil discovery was the third made in the Basin after drilling the Jonker-1X exploration well.

The well is located in Block 2913A and 2914B (PEL 0039), 270 kilometres (168 miles) offshore southern Namibia.

Shell and QatarEnergy each hold a 45 percent stake in the PEL 0039 concession while Namcor has a 10 percent shareholding.

The well was drilled in Block 2913A and 2914B, following drilling operations which commenced in December 2022 and were completed safely early in March 2023.

The Jonker-1X discovery is the third well drilled in the past year in the licence area held by Shell.

Namcor said that the “Deepsea Bollsta” semi-submersible rig owned by offshore firm Odfjell drilled the well to a total depth of 6,168 metres in a water depth of 2,210 metres.

The acquired data is being evaluated and further appraisal drilling is planned to determine the size and recoverable resources potential of the discovery.

Potential

“The discovery has proven the exciting potential of the deep-water Orange Basin,” said Namcor Managing Director Immanuel Mulunga.

Saad Sherida Al-Kaabi, the Qatar Minister of Energy Affairs and the Chief Executive of QatarEnergy, said he was pleased with the encouraging discovery.

“I would like to take this opportunity to congratulate our partners Shell and Namcor, and to congratulate and thank the Government of the Republic of Namibia, which has been very supportive of this exploration effort,” said Al-Kaabi.

This announcement follows two similar announcements by QatarEnergy in February 2022 of oil discoveries in the Graff-1 well and in the Venus-1X prospect, both located in the Orange Basin.

In addition to the PEL-39 Exploration Licence, QatarEnergy also holds interests in PEL-56 (30 percent) and PEL-91 (28.33 percent) in offshore Namibia covering a total area of 28,327 square kilometres.

Royal Dutch Shell, one of the leading participants in the global LNG and natural gas market, is to end its 100-year presence in New Zealand by selling its shares in eight businesses for US$578 million to Austrian energy operator OMV, a company being helped by Shell to become an LNG importer using the Dutch port of Rotterdam.

March 27 (LNGJ) - TechnipFMC, the global energy and LNG project engineer, was awarded a contract by Shell Offshore for the delivery, integration and installation of the subsea production system and subsea riser, jumper and flowline equipment for phase one of the Kaikias deepwater project in the Gulf of Mexico. “TechnipFMC has a proven track record of competitively designing subsea production systems and technologies that directly contribute to improved project economics,” said Hallvard Hasselknipe, President of Subsea Projects at TechnipFMC. Kaikias is located in the prolific Mars-Ursa basin about 210 kilometres from the Louisiana coast. The first phase of development includes three wells designed to produce natural gas and oil at peak rates of up to 40,000 barrels of oil equivalent per day.

Royal Dutch Shell has taken delivery of a third liquefied natural gas-powered Offshore Supply Vessel (OSV) at Port Fourchon on the Louisiana Gulf Coast.