Woodside has signed a sale and purchase agreement (SPA) with Korea Gas Corporation (KOGAS) for the long-term supply of liquefied natural gas (LNG) to Korea.
This marks the commencement of the next phase of the project: commissioning the FPSO and hooking up the 23 wells that make up the Sangomar Field Development Phase 1.
The combined company is the second largest independent E&P company on the Norwegian Continental Shelf (NCS) and the second largest supplier of gas from Norway to Europe.
The Norwegian authorities are offering Aker BP ownership interest in 27 exploration licenses on the Norwegian continental shelf in the APA 2023 licensing round.
Vår Energi is awarded 16 new production licenses on the Norwegian Continental Shelf (NCS), of which four as operator, in the 2023 Awards in Predefined Areas (APA) covering mature areas.
Operated by PETRONAS Carigali Sdn Bhd, the Kasawari CCS project is expected to reduce carbon dioxide volume emitted via flaring by 3.3 MtCO2e per annum.
