Skip to main content

Drilling & production - 05 March 2019

Doriemus sign farmout agreement for Kora West oilfield

Following execution of term sheet on L15, as announced on 31 December 2018, a wholly owned subsidiary of Doriemus has now executed the Farmout Agreement with a wholly owned subsidiary of Rey Resources Limited.


Rystad Energy forecasts a boom in Xmas trees

After activity levels fell to only 240 subsea trees installed globally in 2017 – the lowest level since the turn of the century – Rystad Energy forecasts that over 350 subsea trees will be installed per year by 2021.