Saipem has been awarded two offshore projects in Saudi Arabia, under the existing Long-Term Agreement (LTA) with Saudi Aramco. The overall amount of the two projects is approximately 500 million USD.
Equinor and its partners Petoro, Vår Energi, and TotalEnergies EP Norge started production from the first Lavrans well in the Kristin South area on 7 July.
Aker BP and its partners have discovered gas in wildcat well 7324/8-4 (Hassel) in the Barents Sea, around 300 kilometres from the northern coast of Norway.
Equinor expect 4-8 per cent real base project returns for its early phase CO2 storage business, and further value uplift potential when commercial markets are developed.
