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Chariot Oil & Gas Ltd has signed a Collaboration Agreement with Subsea Integration Alliance to
work together to enable the front-end design, engineering, procurement, construction, installation and
operation of the Anchois gas development project in Morocco.
Subsea Integration Alliance is a
non-incorporated strategic global alliance between Subsea 7 and OneSubsea, the subsea technologies,
production, and processing systems division of Schlumberger.
Chariot and Subsea Integration Alliance will adopt a One-team , integrated and collaborative approach to
safely fast-track first gas to maximise the return on investment.
The scope of the agreement covers:
Front-end engineering support and engineering design work.
Engineering, procurement, construction, installation, pre-commissioning and commissioning work.
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PGS, in cooperation with ANPG, has begun a new fully pre-funded MultiClient 3D survey in the Lower Congo Basin, near the river plume of the Congo in Angola Block 1/14.
The acquisition phase will continue until April and fast-track data is expected in October 2021.
Ramform Atlas (pictured) is acquiring high-density 3D GeoStreamer data using a 10 x 8025 m streamer spread. The survey is designed to produce data of superior resolution, to increase understanding of the prolific Lower Congo Basin. The Block 1/14 survey provides the first 3D data in the area.
PGS is currently evaluating a series of new acquisition projects within the Lower Congo Basin.
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Oil prices have jumped again as cold weather causes US supply growth slowdown, in addition to an overall bullish market sentiment.
Rystad Energy’s Head of Oil Markets, Bjornar Tonhaugen, has commented on the price rises: Another psychological price ceiling was broken today and WTI also surfaced over US$60, helped by weather-related production revisions, tensions in the Middle East and an overall positive sentiment over a balanced market.
Whether or not the rise is justified is open to interpretation but prices have risen uncomfortably much over a short period of time and there are real concerns – and curiosity – over their ability to hold the gains going forward.