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Transocean semi-submersible Paul B Loyd Jr was this week preparing to head to Chrysaor’s MacCulloch field, in UK Central North Sea block 15/24b, where five wells remain to be plugged and abandoned after finishing drilling a production well in the same operator’s Callanish field, in block 21/4a. Chrysaor, in a statement released in a Premier Oil trading update on 13 November in connection with the two companies’ proposed merger, confirmed the 21/4a-F5 well in the Greater Britannia area had been “successfully drilled…to depth". According to the Oil and Gas Authority’s information portal, Chrysaor is set to embark on phase two of the decommissioning of the field’s wells during the current quarter.
Equinor has put a circular FPSO solution firmly in its sights as it closes in on the choice of concept to develop the large Wisting oilfield, in block 7324/8 (PL537), in the Norwegian sector of the Barents Sea. The company has awarded a series of study contracts in connection with concept work. In a statement on 12 November, the operator confirmed that Aker Solutions, KBR, Sevan and Aibel would be involved in work on the proposed circular FPSO solution. In addition, studies linked to subsea equipment and subsea umbilicals, risers and flowlines have been awarded to Aker Solutions, TechnipFMC, OneSubsea, IKM Ocean Design and Kongsberg Maritime.
Additional funding for carbon capture and storage and ambitious targets for hydrogen production were among the items highlighted on 18 November when the UK prime minister unveiled what the government described as a 10-point plan for a green industrial revolution. A statement from Prime Minister Boris Johnson’s office said the plans would “mobilise £12 billion ($16 billion) of government investment to create and support up to 250,000 highly skilled green jobs in the UK and spur over three times as much private sector investment by 2030”. Among the 10 points highlighted are a target to work with industry, with the aim of generating 5 GW of low carbon hydrogen production capacity by 2030.