The three-year agreement covers the supply of OCTG Premium products, associated accessories, and specialised physical and digital services, representing a volume of supply above 110 kt of products and accessories.
The first contract, in partnership with Aker Solutions do Brasil, has been awarded by Total Energies, for the LAPA Southwest (LAPA SW) Development Project, a deepwater oilfield in the Santos Basin in the South Atlantic.
Assets to be acquired include production from over 1230 horizontal wells, 157 line of site wells, and 44 permitted wells all in the core of the Haynesville Shale.
The company and partners Wintershall Dea and Petoro have made a commercial gas discovery in production licence 1128, estimated at between two and eleven billion standard cubic metres of recoverable gas, or about 12.6 – 69.2 million barrels of oil equivalent.
The CT&P business fits well within Archer’s overall strategy to grow our drilling and well services in UK and to further grow our integrated P&A service offering.
The company has approved the final investment decision of the Lapa South-West oil development located in the Santos Basin, 300 km off the coast of Brazil.
The company has successfully completed the assessments of the requirements for API 16AR repair and remanufacturing of drill-through equipment at its manufacturing facility in Hempstead, Texas.