The government releases emergency crude oil to keep the Baton Rouge refinery operational in the face of an interruption in the marine supply.
An operating model that includes the modernization of mature assets and the exploitation of synergies in production and offshore logistics.
The contract will allow first oil to be delivered from Balder Phase VI in 2026, via a subsea connection to the already operating Jotun FPSO.
The installed module weighs 4,800 tons and is key to ensuring safe production at Valhall.
The Skred well revealed a 14 meter gas column, with high quality sandstone and potential for a subsea connection to Johan Castberg.
The platform that will be used in this operation is capable of operating at depths of up to 750 meters.
Block 59 covers 11,480 km² in ultra-deep water, between 2,700 and 3,500 meters deep.
The project will be the first of its kind in U.S. deepwater, taking advantage of Brownfield port infrastructure.
The Gjøa Nord, Cerisa and Ofelia discoveries contain up to 110 million barrels of oil equivalent.
The new commitment is in addition to the existing agreement for Plaquemines LNG.
The Baja-1 discovery will be developed with GranMorgu's infrastructure, maximizing resources between blocks 53 and 58.
The platform is expected to start producing crude oil at full capacity in late summer 2025.
