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Supermajor, ExxonMobil and its joint venture partner BHP have made a final investment decision (FID) on the development of the West Barracouta gas field, offshore Victoria, Australia. FEED work for the project has already been concluded and subsequently, contracts were awarded to Subsea 7 and OneSubsea. The project aims at boosting domestic gas supplies in Victoria. A report published by Australian Energy Market Operator dictates looming gas shortage in Victoria by 2022.
Wintershall, the German oil major, and its partners have submitted the Plan for Development and Operation (POD) for Nova field in the Norwegian North Sea, to the Norwegian petroleum ministry. This latest development follows the success of Wintershall’s Maria field and acknowledges Wintershall’s expertise in subsea technology. Nova will be developed with smart engineering and environment friendly methods.